Stablecoins surpass Visa with $46 Trillion Transaction Volume

Jakarta, Pintu News – In a recent report released by American venture capital firm Andreessen Horowitz (a16z), stablecoins have recorded $46 trillion in annual transactions, significantly outperforming Visa. This “State of Crypto 2025” report shows that stablecoins are not just a means of commerce, but have become an important global settlement network.

Stablecoins: A New Force in Global Finance

According to a16z’s report, the adjusted monthly transaction volume for stablecoins reached nearly $1.25 trillion in September 2025. a16z analysts emphasize that this increase in stablecoin usage is largely independent of broader crypto trading volumes, signaling that stablecoins are now being used for substantial economic purposes, not just market speculation.

With the total circulating supply of stablecoins reaching over $300 billion, Tether (USDT) and USDC dominate by accounting for 87% of all tokens in circulation. In terms of settlement, the Ethereum and Tron blockchains became the main channels, processing 64% of all adjusted transaction volume as of September.

Macroeconomic Implications of Stablecoins

More than 1% of all US dollars in existence are now in the form of stablecoins tokenized on public blockchains. In addition, stablecoin issuers have become major holders of US government debt, ranking 17th globally with over $150 billion in debt securities.

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The a16z data reveals that stablecoins are not only changing the way money moves globally, but are also having a significant impact on financial structures and the macroeconomy. Their presence as large debt holders indicates deep integration with the traditional financial system.

Stablecoin Ecosystem Development

The a16z report states that this year marks the point at which the world turned to onchain, showing fundamental maturity across the sector. The number of monthly active crypto users now ranges from 40 to 70 million, an increase of around 10 million users in the past year.

The supporting infrastructure has also surged; blockchain networks now process more than 3,400 transactions per second, an increase of more than 100 times from five years ago. This represents increased capacity and reliability in managing large transaction volumes.

Conclusion

Stablecoins have proven themselves to be more than just a means of commerce; they are now an important part of the global financial infrastructure. By surpassing traditional payment systems like Visa in terms of transaction volume, stablecoins are establishing themselves as a key pillar in the new digital economy.

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Reference

• Crypto News. Stablecoins Outrun Visa as Onchain Volume Hits $46 Trillion. Accessed on October 23, 2025
• Featured Image: Generated by AI