How Stablecoins Grew $46 Billion in One Quarter: Analyzing the Forces Behind Digital Dollar Expansion
The third quarter of 2025 delivered the largest quarterly expansion in stablecoin history. Between July and September, net issuance surged to $45.6 billion, a 324% increase from the previous quarter's $10.8 billion. By early October, total stablecoin market capitalization crossed $300 billion for th