Coinbase: Over $717B in Stablecoin Transactions and Rapid Growth of the RWA Sector
Date: 2025-06-12 Author: Oliver Abernathy Categories: BUSINESS
The total volume of stablecoin transactions remained at a high level: in December 2024, it reached a record $719 billion, and in April 2025 it was about $717.1 billion, almost catching up with the figures of the Visa payment system. In addition, by May 2025, the total emission of stablecoins reached $247 billion - this is almost a tenth of the US dollar turnover.
USDC capitalization in April 2025 broke records, amounting to $62 billion, and Circle and Tether's reserves in US government bonds exceeded the holdings of countries such as Germany.
The report highlights that stablecoins are gaining popularity among businesses due to lower transaction costs, faster cross-border payments, and easier access to financial services without the need for traditional banks. The study found that 58% of small and medium-sized businesses (SMBs) see a reduction in cross-border payment costs with regulated stablecoins, while 89% see clear benefits.
At the same time, the crypto industry has seen impressive growth in real-world asset tokenization (RWA). In April 2025, the volume of tokenized assets amounted to $21 billion, which is 245 times more than last year. Private loans account for the largest share of RWA (61%), followed by government bonds (30%) and commodities (7%). Figure, BUIDL, and BENJI are leading the market, attracting significant investment.
An important trend has been the increased use of cryptocurrencies in small businesses: the number of companies working with digital assets has doubled — from 17% in 2024 to 34% in 2025. At the same time, 82% of SMBs believe that cryptocurrencies help solve financial problems, and 57% are sure that it reduces their costs.
However, despite the positive trends, regulatory uncertainty remains a serious barrier. The report notes that 72% of small businesses are ready to use cryptocurrencies more actively if there is clear legislation. This opinion is supported by 9 out of 10 CEOs of Fortune 500 companies, who believe that the regulatory framework is important for the innovative growth of digital assets. In the United States, 38 states are already considering over 130 bills related to cryptocurrencies.
Particular attention is paid to the upcoming vote in the US Senate on the GENIUS Act legislative initiative, which is scheduled for June 11, 2025. This bill aims to establish national regulations for stablecoins and promote innovation in this area.
Thus, Coinbase data demonstrates the rapid development of the stablecoin and RWA ecosystem, which are becoming important tools in the modern financial system and business, despite the existing regulatory challenges.
