*Originally posted on Anzens here.
Stablecoins such as Anzens USDA play an integral role in cryptocurrency adoption by enabling traders and investors to trade in and out of preferred cryptocurrencies more efficiently. They also enable traders and investors to keep and store their fiat currencies, such as the US dollar, as a tokenized version and allow access to decentralized finance services.
While they are designed to hold a steady value against a designated fiat currency by being backed by that currency and currency equivalents, the total market capitalization of stablecoins has hit all-time highs (as of February 2025), signaling its increased issuance and market adoption.
In this blog, we’ll go over some of the main takeaways behind the recent rise in stablecoin adoption covered by CoinDesk’s recent Stablecoins & CBDCs Report and also provide a short explainer on Anzens USDA stablecoin and its utility for users.
Market Capitalization Reaches Record Highs
In February 2025, the total market capitalization of stablecoins rose 4.02% to $226bn.
This resulted in a new all-time high for the asset class and seventeen months of consecutive growth, a key indicator of the state of cryptocurrency and the inflow of new capital into crypto.
The market dominance of stablecoins compared to other cryptocurrencies also hit 7.67%.
Source: CoinDesk’s Stablecoins & CBDCs Report (February 2025)
Stablecoins Overview
The biggest beneficiary of this growth in stablecoin market capitalization and dominance was Circle’s USDC stablecoin, which reached a nearly $60bn market cap, its all-time high and outpacing the growth of its main competitor, USDT, which grew its market cap by 1.99% to $143bn. For trading volume, it registered a 9.42% market share, slightly behind Binance’s FDUSD.
Tether’s USDT market cap dominance was reduced to its lowest levels since April 2023 to 63.2% but still commanded 80%+ dominance among stablecoins for trading volume, demonstrating its adoption by traders.
Binance’s FDUSD grew its trading volume to grab a 9.55% share of the trading volume market.
Source: CoinDesk’s Stablecoins & CBDCs Report (February 2025)
Stablecoins Trading Volume
As of February 25th, the trading volume for stablecoin pairs on centralized exchanges was $1.45 tn. This downward trend points to a lower monthly trading volume than January’s $2.21 tn. This decrease in trading volume aligns with the overall market trend following Donald Trump’s inauguration and macroeconomic factors preceding the January 29th FOMC meeting.
Source: CoinDesk’s Stablecoins & CBDCs Report (February 2025)
What is Anzens USDA Stablecoin?
Among all different stablecoins, fully-backed, USD-pegged stablecoins are the most widely adopted due to their perception as being consistently stable against major fiat currencies such as the US dollar.
Anzens USDA is a new fully-reserved, secure stablecoin for the Cardano ecosystem, backed by the US dollar and dollar equivalents.
It is a joint technical effort between Anzens Inc., the issuer of USDA, EMURGO, the technology provider behind the Anzens platform, and BitGo Trust, an industry-leading Qualified Custodian catering to institutional clients.
It is available on the Minswap DEX and can be directly minted on the Anzens platform by users in fourteen eligible US states, with more on the horizon.
Follow Anzens for More USDA Stablecoin Information
Interested in getting updates on $USDA?
For more tips on how to use USDA and information, follow Anzens on X.
You can also download Yoroi Wallet for your desktop browser to start trading USDA on Minswap.
About Anzens Inc.
Anzens Inc. is a financial services company and the issuer of USDA, a Cardano native fully-backed stablecoin. As a registered Money Service Business under FinCEN with a focus on emerging markets, Anzens is committed to regulatory compliance, financial inclusion, and creating secure financial products with real world applications. By bridging the gap between digital assets, fiat currency, and traditional financial institutions, Anzens aims to empower individuals and businesses in emerging markets and beyond.
Learn more at https://anzens.com/
- Official Homepage: anzens.com
- X: @AnzensOfficial
- LinkedIn: @anzens
- Medium: @anzensofficial
About EMURGO
Established in Japan, EMURGO is a co-founding entity of the Cardano Blockchain that drives the commercial adoption of blockchain technology and asset tokenization and serves as a technology provider to Anzens. Through strategic investments, partnerships, and infrastructure development, EMURGO connects traditional finance and Web3, enabling trust, scalability, and the tokenization of real-world assets.
- Official Homepage: emurgo.io
- X (Global): @EMURGO_io
- YouTube: EMURGO channel
- LinkedIn: @EMURGO_io
Disclaimer
You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Anzens and/or EMURGO to invest.
