Stablecoin Market Hits $252B as CertiK Flags Rising Risks and $2.47B in Losses

Key Points

1. The stablecoin market supply surged from $204 billion to $252 billion in H1 2025, with monthly settlement volumes reaching $1.39 trillion.

2. CertiK's report identified $2.47 billion in security losses due to issues like key management failures and flawed liquidity pool operations.

3. USDT remains the market leader in liquidity, while USDC expanded its supply to $61 billion after securing a MiCA license and completing an IPO.

4. FDUSD briefly depegged to $0.76 due to reserve concerns but recovered after transparent disclosures.

5. Centralized and decentralized platforms, such as Bybit and Infini, suffered major breaches, exposing stablecoin holders to third-party risks.

6. Regulatory developments like the STABLE and GENIUS Acts in the U.S. and MiCA in the EU are shaping the stablecoin market.

7. Real-world asset-backed and yield-bearing stablecoins are projected to capture 10% of a $300 billion market by year-end.