The Stablecoin startup has raised $537 million so far, starting from $84 million in 2024. Some analysts attribute growth to a lucrative regulatory framework and new startups from the fintech and banking sector.
Hong Kong-based OSL Group I was led Through stock financing in the latest funding round after protecting $300 million in July. Circles and Figures are cumulatively driving the total funds raised in sectors that have exceeded $2.4 billion this year. Other notable startups include Rain, Agora Finance and RD Technology, which raised $58 million, $50 million and $40 million in July and August.
Stablecoin funding will skyrocket above $2.4 billion as OSL Group leads growth
According to Defi llama dataStablecoins’ total market capitalization so far is $29,1826 billion, with a 4% change over the past seven days, with USDT dominating with a market share of 58%. Circle’s USDC closely follows the market capitalization of It controls approximately 25% of the market, $7.3981 billion. Ethena USDE and Dai remain in third and fourth positions, reflecting increasing competition in the sector.
At the moment when Stablecoin Supply exceeds $290 billion, Coinbase analysts predict supply will surpass $1 trillion by 2028. Anna Strebl, CEO of StablecoinPayments platform Condiso, commented that it was bustling around Stablecoins, noting that it has made it easier to access Capital. She added that this trend is not an unfair hype.
Some analysts also attribute growth to the US’s favorable regulatory framework after major legislative changes have passed. Since taking office, President Donald Trump has signed several bills that have been a pro-cryptic and digital asset and have helped streamline the country’s digital asset ecosystem. In July he signed the law to act of genius. This is a bill that industry leaders have described as a turning point for legitimacy.
Cryptopolitan It’s covered The story focuses on Trump’s statement that genius acts could possibly be the biggest revolution in financial technology.
“This could possibly be the biggest revolution in financial technology since the birth of the Internet itself. A lot of people say that. What do you guys think? If you say yes, I say yes. ”
–Donald Trumpthe President of the United States
Mnee CEO Ron Tarter said it was essentially a green light for corporate America.
Stablecoin expansion is facing pushbacks, especially from banks
Defilama classifies Circle as a centralized finance company and sees it as an honest global asset company. However, both are stubcoin issuers and were categorized as major capital lazers this year. Circle secured $1 billion in June through its IPO offering. Circle stock price It currently trades at $139.92, down 0.02%.
Startups and newcomers in the banking sector such as Stripe have also pose challenges for established issuers such as Circle and Tether. stripe Disclosure It uses a paradigm to pursue Stablecoin network technology called Tempo. Cryptopolitan last month reported that Tempo will improve the current challenges of global payments, including delays and higher fees associated with traditional banking systems. Tempo, Blockchain Enabling the network, instant, low-cost cross-border payments will work as open source and integrate with the TRADFI and Defi ecosystems.
Reuters revealed Societe Generale hinted In June, JPMorgan was to introduce its own dollar-covered Stablecoin while it was introducing JMPD. It suggests that US banks such as Bank of America, Wells Fargo and Citigroup are pursuing similar projects.
Zerion co-founder and CEO Evgeny Yurtaev revealed that Stablecoins is a building block in digital finance, adding that it will convert dollars into assets that acquire value and settle value from passive storage.
The expansion of the Stablecoin market is also met with obstacles and pushbacks, particularly from the banking sector. The bank’s lobby group signed a petition against the Genius Act, which was signed into law in July, citing an unfair advantage and potential losses in $6 trillion deposits from lenders. The argument noted that while banks may issue stable ones, unlike crypto companies, they are prohibited from paying interest to holders.
