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Circle's USDC sees 'remarkable' 29-fold YoY growth as stablecoins seize 75% of institutional OTC volume in H1 2025: Finery Markets

August 4, 2025 | Finery Markets

Stablecoins now dominate over-the-counter crypto trading, accounting for 74.6% of all institutional spot deals in the first half of 2025, up from 46% a year earlier and just 23% in 2023, according to a new report from trading-technology firm Finery Markets. The company said it analyzed 4.1 million trades on its non-custodial trading platform between January and June for its report.

Overall, OTC spot volume jumped 112.6% year over year, while trade count climbed 57.6%. Stablecoin transactions grew 154%, and crypto-to-stablecoin flows surged 277.4%, well above the 48.5% growth noted in crypto-to-fiat transactions. Analysts said this makes stablecoins the fastest-growing segment in the crypto market.

See more: theblock.co