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![coinmetrics Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::867328053416001536.png) CoinMetrics.io [@coinmetrics](/creator/twitter/coinmetrics) on x 88.7K followers
Created: 2025-07-09 13:00:11 UTC

Stablecoins Are Becoming the Infrastructure for Global Dollar Access

Q2 2025 confirmed the stablecoin sector’s growing role as financial backbone:

• $2T+ in monthly adjusted volumes
• $135B+ in U.S. Treasuries held by $USDT and $USDC issuers
• $245B total supply, with $PYUSD crossing $1B
• GENIUS Act advanced in the Senate, setting the stage for U.S. regulatory clarity

Stablecoins are no longer just crypto plumbing - they’re emerging as programmable dollars with real monetary reach. The GENIUS Act proposes strict reserve, reporting, and compliance standards that could invite banks, fintechs, and Big Tech into the issuer landscape.

@Circle’s IPO, @Stripe’s product push, @JPMorgan’s @Base-based $JPMD pilot, and ongoing @Visa and @Mastercard integrations all point to one thing:

Stablecoins are evolving into global-scale dollar rails.

Full Q2 analysis in our latest State of the Network report:  Link in replies

![](https://pbs.twimg.com/media/GvauKWPWcAEKXIe.jpg)

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**Related Topics**
[pyusd](/topic/pyusd)
[usdt](/topic/usdt)
[$1b](/topic/$1b)
[$245b](/topic/$245b)
[$usdc](/topic/$usdc)
[$135b](/topic/$135b)
[$2t](/topic/$2t)
[money](/topic/money)

[Post Link](https://x.com/coinmetrics/status/1942931789351125012)