USDT Dominates as Stablecoin Market Expands 76% in 2025

The stablecoin market has experienced explosive growth in 2025, with a 76% increase bringing its total valuation to a record $224.9 billion. This surge, adding over $97 billion in value, has been largely driven by crypto-native stablecoins USDT and USDC, which now control 93.5% of the market. While traditional finance-backed stablecoins lag behind, innovative newcomers like Ethena's USDtb and Usual's USD0 are beginning to make their mark. As of June 2025, this dramatic expansion underscores the increasing adoption and utility of stablecoins in the digital asset ecosystem, with USDT maintaining its position as the undisputed leader.

Stablecoin Market Surges, but TradFi Players Lag Behind

The fiat-backed stablecoin market has expanded dramatically, growing 76% from 2024 to 2025 to reach a record $224.9 billion. This surge added over $97 billion in value, with the vast majority of growth driven by crypto-native stalwarts USDT and USDC, which now command 93.5% of circulating supply. New entrants like Ethena's USDtb and Usual's USD0 are also gaining traction.

Traditional finance-backed stablecoins tell a different story. Despite their regulatory compliance and brand recognition, PayPal's PYUSD and Societe Generale's EURCV have failed to capture meaningful market share. Their struggles highlight the challenges TradFi institutions face in competing with established decentralized alternatives, even as the U.S. moves toward clearer regulatory frameworks.

Commodity-backed tokens, meanwhile, have ridden the wave of economic uncertainty to a 67.8% increase in market capitalization. This $773.9 million growth—bringing the sector to $1.9 billion—closely tracks the rally in gold prices as investors seek SAFE havens amid geopolitical and macroeconomic turbulence.

DeXRP Announces IDO for First-Ever DEX on XRP Ledger Amid Ecosystem Growth

DeXRP has launched the first decentralized exchange on the XRP Ledger, targeting transparency for XRP holders. The platform combines AMM and order book functionality, mirroring established DEXs like Jupiter and 1Inch.

The XRPL ecosystem shows strong momentum, with Total Value Locked surging from $16 million to $80.63 million in recent months. DeXRP's IDO offers 500 million DXP tokens at $0.00525 during presale, with a planned listing price of $0.35.

Institutional participants gain access to hybrid trading features, while liquidity providers benefit from optimized aggregation and fee auctions. The presale accepts XRP, ETH, BNB, SOL, BTC, and USDT alongside traditional payment methods.

Kroma Network Urges Users to Unstake Assets Ahead of June 30 Shutdown

Kroma Network, a Layer 2 scaling solution, has issued a final warning to users to unstake and withdraw all crypto assets before its mainnet shuts down permanently on June 30, 2025. The protocol emphasized that failure to act will result in irreversible loss of funds, as smart contract access will be disabled after the deadline.

The announcement, made via Kroma's official X account, specifically lists affected tokens including WEMIX, spETH, st.WEMIX.e, WETH, USDT, and USDC. With just eight days remaining, the team framed the notice as a critical last call—highlighting the non-custodial nature of decentralized systems where users bear sole responsibility for asset management.

This shutdown marks another pivot in the competitive LAYER 2 landscape, where networks increasingly consolidate or sunset amid technological evolution and market pressures. The abrupt timeline underscores the operational risks inherent in emerging blockchain infrastructure.