Stablecoin market cap surpasses $300 billion for the first time

TechFlow news, October 3 — According to The Block, as of October 3, 2025, the global stablecoin market cap has surpassed $300 billion for the first time, up 2% from the previous period and 6.5% higher month-on-month. USDT leads with a market cap of $176.3 billion, accounting for 58% market share, followed by USDC at $74 billion. This milestone comes amid a broad recovery in the crypto market, with Bitcoin trading around $119,000 and Ethereum breaking $4,400. Analysts attribute the strong 20% growth in the stablecoin market during the third quarter of 2025 to favorable policies such as the U.S. GENIUS Act and renewed institutional investment.