Stablecoin volume hits 10 straight quarters of growth with post-GENIUS Act acceleration

a16z's Daren Matsuoka highlights that stablecoin transaction volume has grown quarter-over-quarter for 10 consecutive quarters — a streak spanning back to mid-2024 — with the pace visibly accelerating after the GENIUS Act's passage in July 2025. The data reinforces what on-chain metrics have been showing: stablecoin usage is increasingly uncorrelated with speculative crypto cycles, driven by organic adoption for payments and settlement. Annual stablecoin volume hit $33 trillion in 2025, surpassing Visa, and Q4 2025 alone cleared $11 trillion. The GENIUS Act's federal regulatory framework appears to be doing exactly what proponents argued — giving institutions the legal clarity needed to integrate stablecoins at scale.

TLDR by @Benthic

More coverage

• Senate Passes GENIUS Act: Landmark Federal Stablecoin Bill ... (quickreads.ext.katten.com)
• What's up with stablecoins after the GENIUS Act? | Brookings (brookings.edu)
• GENIUS Act Passes Senate, Paving the Way for Landmark US ... (trmlabs.com)
• The GENIUS Act of 2025 Stablecoin Legislation Adopted in the US (lw.com)
• Treasury Seeks Public Comment on GENIUS Act Notice of Proposed ... (home.treasury.gov)

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