Stablecoins Hit All-Time $253.7B in June
According to a recent Binance Research report, the stablecoin outstanding supply broke through $250 billion in June, reaching $253.7 billion. This increase occurred with the U.S. Senate passing the Genius Act, landmark legislation establishing a regulatory framework for stablecoins.
The legislation has given hope to investors, and the trend has witnessed increasingly more firms attempt to incorporate stablecoins. USDC from Circle was at the forefront, accounting for 79% of net issuance in the recent month.
Market Sentiment Was Bullish Despite Uncertainty
Despite tensions across the globe and uncertainty, like the intensifying Israel-Iran war, total crypto market capitalization gained 2.62% throughout June.
Bitcoin: BTC dominated the assets, outperforming altcoins, and taking market dominance to 65%, the highest in over three years.
Bitcoin-Focused Businesses Record Explosive Returns
Treasury strategy firms focused on Bitcoin recorded enormous returns, attracting fresh capital into the industry. Japan’s Metaplanet outpaced Strategy for the best-performing stock market company focused on Bitcoin.
ETF Flows Remain Strong Amid Warfare
Despite the volatility in the market, ETF inflows remained robust. Bitcoin ETFs experienced $4.5 billion in net inflows, and Ethereum ETFs experienced $1.16 billion in June.
Volatility, however, caused a big liquidation event on June 22, which was the worst three-day period since February. The activity was primarily driven by escalated hostilities in the Middle East and renewed inflation fears.
Regulation Fueling Next Crypto Growth Cycle
Regulation of stablecoins appears to be setting the stage for the next phase of crypto adoption. With U.S. policy now providing clarity, institutional investors and retail traders alike are coming around to the space once more.
As stablecoins gain traction and Bitcoin solidifies its dominance, the crypto market enters H2 2025 with cautious optimism.
