Artemis: Stablecoin Boom Nears $300B as Platforms Drive Growth Beyond Traditional Trading

Stablecoin Market Nears $300B as Platforms Expand Beyond Trading: Artemis

The stablecoin market has surged 72% over the past year, reaching nearly $300 billion in total supply, according to analytics platform Artemis. Growth has been led by Ethereum and Solana, with the new Plasma network issuing over $6 billion in stablecoins in its first week—a record for a chain debut.

Tether’s USDT and Circle’s USDC still dominate, together accounting for more than 85% of supply, though competition is rising from new issuers and platforms. Beyond supply growth, stablecoins are increasingly used in broader financial applications. USD AI, for example, allows deposits to fund GPU loans for AI firms, effectively turning stablecoin holdings into yield-generating instruments.

New platforms and networks are also blurring the line between stablecoins and traditional banking. Squads now secures over $2 billion in assets, while RAIN’s Series B supports card-linked stablecoin spending nearing $1 billion. Centralized exchanges like Binance, OKX, and Coinbase are offering debit cards, payment rails, and savings tools, effectively functioning as neo-banks.

Artemis frames these trends as part of a structural shift: stablecoins are evolving from trading instruments into a financial layer that increasingly mirrors core banking functions.

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