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Stablecoins Now Account for 74.6% of Institutional Crypto Trades
The stablecoin market has solidified its dominance in institutional cryptocurrency trading, making up a staggering 74.6% of over-the-counter (OTC) volume in the first half of 2025, according to a report by Finery Markets.
This represents a substantial increase from the 46% registered just one year prior and an even more significant rise from the mere 23% recorded in 2023. The dramatic surge highlights the growing importance and weight that stablecoins have acquired in high-volume transaction flows.
Finery Markets’ analysis, based on over 4.1 million trades executed between January and June on its non-custodial trading platform, also revealed a striking year-over-year increase of 112.6% in total OTC volume. The number of transactions climbed by a remarkable 57.6% during the same period.
However, it is essential to note that USDC experienced an extraordinary growth spurt, more than quadrupling its transaction volume after restrictions on USDT were implemented in Europe. Cardano, Solana, and XRP managed to capture an impressive 16.7% of OTC activity.
While institutional investors are increasingly embracing the stability provided by these assets, the CEO of Finery Markets has cautioned against a growing risk associated with the increasing number of stablecoin issuers without sufficient secondary market liquidity. He warned that a de-peg event in one of these assets could trigger a market-wide run, emphasizing the necessity to enhance market depth and mitigate potential confidence crises.
Finery’s findings confirm the importance and weight that stablecoins have acquired in high-volume transaction flows, solidifying their position as the dominant player in institutional trading.
Source: crypto-economy.com
