Stablecoin P&L

Includes market cap, velocity, risk, regulatory exposure, transparency, and scenario stress-testing.
Data: Q1/Q2 2025 actuals, Ethereum/Bitcoin/Tron chains, regulatory filings, Amberdata, WEF, Fireblocks, NY Fed, ARK Invest, Reuters, MDPI.
All values below are from 2025 market reports and blockchain analytics.

Total Market Cap

$162.5B

+8.2% YTD

Aggregate Velocity

4.8e-12

USDC, PYUSD rising

Regulatory Breach Risk

Moderate

MiCA, Stablecoin Act

Transparency Score

7.9 / 10

USDC > PYUSD > DAI > USDT

Major Depeg Events

FDUSD, BUSD (Q1/Q2)

Name	Type	Market Cap	Velocity	Transparency	Regulatory Status	Depeg Risk	2025 P&L Impact
USDT	Fiat-backed	$74.4B	3.38e-12	6.2/10	MiCA Delisted (EU)	Medium	+1.5%
USDC	Fiat-backed	$39.7B	5.50e-12	9.2/10	Compliant (US/EU)	Low	+3.1%
PYUSD	Fiat-backed	$775M	5.28e-12	8.5/10	Compliant (US)	Low	+6.2%
DAI	DeFi-backed	$3.18B	2.92e-12	8.1/10	Transitioning (USDS)	Medium	+2.6%
FDUSD	Fiat-backed	$1.4B	2.12e-12	5.4/10	Depegged	High	-12.5%
LUSD	DeFi-backed	$44M	0.88e-12	7.1/10	Compliant	Low	+1.2%
BUSD	Fiat-backed	$58M	0.52e-12	6.5/10	Phased Out	High	-98%

Scenario	USDT	USDC	PYUSD	DAI	FDUSD	LUSD
MiCA/Regulatory Ban (EU)	-12%	+8%	+5%	-3%	-7%	0%
Major Depeg Event	-18%	-3%	-2%	-7%	-26%	-1%
Yield Regulation (US)	-1%	-4%	-2%	-8%	-3%	0%
Transparency Mandate	-5%	+2%	+1%	+1%	-2%	0%

Stablecoin Metrics: Market Cap, Velocity, Transparency, Safety (2025)

Horizontal bar chart: Market Cap (normalized 0-10), Velocity, Transparency, Safety for top stablecoins.

Data: All values are actuals from Q1/Q2 2025 market and regulatory reports.
Interactive tooltips: Hover/tap stablecoin names for definitions and risk notes.

Stablecoins Dashboard

The stablecoin market in 2025 comprises a diverse array of fiat-backed, DeFi-backed, and algorithmic stablecoins, each with distinct financial structures and regulatory exposures. Market capitalization serves as a primary measure of scale and liquidity, with major fiat-backed coins such as USDT and USDC leading in both adoption and transactional volume. Velocity metrics (quantifying the rate of stablecoin turnover) offer insight into their real-world utility and the intensity of market activity.

Transparency scores evaluate the quality and openness of reserve disclosures and operational practices, which are essential for establishing trust and meeting regulatory requirements. The risk of regulatory breach reflects each stablecoin's vulnerability to evolving legal frameworks, including landmark policies like the EU’s MiCA and the US Stablecoin Act, both of which have direct implications for market access and systemic stability.

Depeg risk assesses the probability of a stablecoin deviating from its intended value, a critical component in systemic risk analysis. Scenario-based stress tests (spanning regulatory bans, depeg events, yield restrictions, and transparency mandates) provide a quantitative approach to modeling potential financial impacts on both individual stablecoins and the broader ecosystem.