New Platforms Propel Stablecoin Market Toward $300B, Extending Use Cases Beyond Trading: Artemis

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 Artemis. Growth has been led by Ethereum and Solana, with the launch of Plasma contributing over $6 billion in its first week—a record for a new chain debut.

Tether’s USDT and Circle’s USDC continue to dominate, representing more than 85% of the market, though emerging issuers are beginning to challenge their share. Beyond trading, stablecoins are increasingly serving broader financial purposes. USD AI, for example, allows deposits to fund GPU loans for AI firms, turning holdings into yield-generating instruments.

Stablecoins are also beginning to replicate core banking functions. Squads now manages over $2 billion in assets, while RAIN’s Series B supports card-linked stablecoin spending nearing $1 billion. Exchanges like Binance, OKX, and Coinbase are offering debit cards, payment rails, and savings tools anchored in stablecoins, effectively acting as neo-banks.

Artemis frames this trend as part of a structural shift: stablecoins are evolving from trading tools into a new financial layer that mirrors traditional banking.