Stablecoin market cap nears $310B record as USDT and tokenized Treasuries surge into late 2025

By the 24th of December 2025, data showed total stablecoin supply climbing to around $309–310 billion, with USDT alone reaching a $187 billion all‑time high. Capital largely stayed in stablecoins and tokenized assets, signaling a preference for liquidity and yield while broader risk appetite remained cautious amid evolving macro and regulatory debates.