Due to positive developments related to the GENIUS Act, many industry experts have made optimistic predictions about a "stablecoin bull market" in the near future.
Will the "Stablecoin Summer" bring important opportunities for investors and companies?
Stablecoin Supply Exceeds $250 Billion
According to a report by Delphi Digital, stablecoin supply has exceeded $250 billion, with Tether and Circle holding 86% of market share. Over $120 billion in US Treasury bonds are locked in various stablecoins.
As issuer diversification increases, more than 10 stablecoins have a circulation value of over $100 million. This indicates fierce competition but a very promising market.
The founder of One Confirmation predicted that the stablecoin market cap could increase tenfold after the GENIUS Act approval. If this prediction comes true, the stablecoin market cap could reach $2.5 trillion.
"The GENIUS Act is good for cryptocurrency, and the stablecoin market cap will immediately increase tenfold," said Nick Tomaino.
Stablecoins now account for over 60% of total cryptocurrency trading volume, up from 35% in 2023, even without clear federal regulation. In this context, Coinbase CEO Brian Armstrong expressed an optimistic view, calling stablecoins a viral loop that makes entering the cryptocurrency sector easier.
Meanwhile, Eric Golden from Canopy Capital emphasized that stablecoins will become the primary transaction mechanism for all types of payments, gradually replacing traditional methods.
Challenges of a New Era
However, accompanying challenges cannot be ignored. As Delphi Digital pointed out, over $120 billion in US Treasury bonds are locked in stablecoins, creating a "idity" the traditional financial system. system questions about management and stability, especially as new stablecoins like Athena and First Digital Labs are still in development.
Major stablecoins have consistently accounted for at least 4% of the total cryptocurrency market cap during 2024 and 2025. Additionally, Tether and Circle's dominance provides temporary stability but makes the market dependent on these two "giants", potentially if disruption occurs.
Nevertheless, the "Stablecoin Summer" promises important opportunities for investors and companies. The approval of the GENIUS Act establishes a clear regulatory framework and and promotes innovation.
