Best Stablecoin Companies in 2025: Transforming Global Money Transfers

Stablecoins, or digital assets pegged to real-world assets (such as the U.S. dollar), went from being accepted only by a limited pool of crypto traders to achieving a total market cap of $266.13 billion, as of July 30, 2025, according to DefiLlama data. Over just a week, this market increased (and is growing) by $3.1 billion.

The benefits of stablecoins are instant, low-cost, borderless transactions. For example, for banking money remittance, currency exchange, or international payroll, previously limited by only traditional wires or checks, which require days to receive, hours to send, complete with stacking fees, they allow for a remittance-based transfer in minutes, regardless of whether on a weekend, for a lower price point.

That's where companies like Due come into play. Due has been designed with the specific aim of unlocking the advantages offered by blockchain-based finance for real-life use cases. With Due's Stablecoin Transfer API, companies can send and receive payments anywhere in the world with stablecoins like USDC and USDT that integrate easily into their existing financial infrastructure. Due handles all of the complexity of blockchain (custody, compliance, liquidity, and real-time FX conversion) for businesses, so that they can focus on their growth, instead of the technical components necessary to enable it.

Breaking Down the Stablecoin Development

If you are like most people, when thinking of moving money cross-border, you think of being charged a hefty fee and waiting for your transaction to go through for what can feel like an eternity. Well, a new option is emerging and garnering serious interest. And the data is starting to build a compelling case.

Just in 2024, these blockchain-based payment tokens moved more total transaction volume than Visa and Mastercard combined. The yearly transaction volume is an astounding $27.6 trillion - a figure that may have sounded fantastical just a few short years ago.

Why This Is Important for Normal Businesses

The growth is not just speculation or trading. Actual companies are finding that these tokens are helping solve problems that traditional banking is working to address. Consider international payroll as an example. Instead of using correspondent banks, paying currency conversion fees, and multi-day settlement times, companies can send payments anywhere in the world in a matter of minutes. The World Bank provides us with data to show why this is important: the cost of sending money across a border is still an average of 6.26% in fees.

Due Is Leading the Charge With Its Modern Tools

What was once an experimental, fragmented ecosystem is consolidating into a complete, enterprise-sized infrastructure for digital dollars. At the front of this change is Due, a platform designed specifically to enable stablecoin-powered global payments in a compliant, seamless way that is developer-friendly.

While early users had to simultaneously manage blockchain integrations, wallet management, and fragmented liquidity, often spending half their time just handling infrastructure, Due abstracts all that complexity. Through a single API, the business can now:

• Send and receive global stablecoins like USDC and USDT
• Access local payout and local collection payments rails across over 80 countries
• Have real-time FX conversion
• Built-in KYC, AML, compliance, and custody
• Availability (24/7) and instant settlement

Due shares a simplified approach that converts a complicated process into a basic plug-and-play global money movement. It connects stablecoin innovation back into business-ready global financial infrastructure.

Top 5 Stablecoin Companies for 2025

Over the past few years, stablecoins have transformed from a fintech oddity to a foundational piece of financial infrastructure, with the companies that have issued stablecoins managing hundreds of billions of digital dollars. These are not experimental crypto start-ups - these are well-capitalized, globally integrated financial firms. Based on the data covered by DefiLlama, here are the five most powerful stablecoin issuers in 2025.

1. Tether (USDT)

Tether is the world's largest stablecoin. As of July 30th, 2025, Tether reported there was more than $164.358 billion USDT in circulation. USDT remains the primary layer of liquidity across centralised exchanges and is supplied on multiple chains like Ethereum, Tron, and Solana.

Tether's ability to hold market dominance is attributed to its first-mover position, integrations, and sustained high volumes. While it previously faced criticism for a lack of transparency, Tether now publicly reports that its reserves are held in U.S. Treasuries and provides quarterly attestations. For most traders/platforms, USDT is the stablecoin they settle against, regardless of their location or jurisdiction.

2. Circle (USDC)

Circle (USDC), issued by the US-based Circle, is the second-largest stablecoin by market cap, with $63. 56B in circulation. Circle promotes a compliance-first model, publishing monthly attestations from a Big Four accounting company, and operating under strict U.S. regulations.

USDC's high transparency and regulated environment enable it to be the most widely utilized stablecoin in the enterprise space. Because of its regulatory clarity and trustworthiness, financial institutions, fintechs, payroll providers, and international remittance platforms prefer USDC.

3. Ethena Labs (USDe)

Ethena Labs launched in 2024 and became one of the most interesting, progressive scenarios in stablecoin issuance. As of July 2025, Ethena had $8.02 billion USD in circulation. Ethena's model is CeDeFi, using crypto collateral paired with hedged off-chain derivatives, causing a massive capital influx.

Ethena managed to craft its model in conjunction with user demand for passive yield; however, the issuer instituted a formal process for redeeming USDe users in June 2025 and added operational complexity in a newly instituted and evolving process. Nevertheless, the issuer was prevalent, especially for users using stablecoins for yield.

4. Sky Protocol (USDS / DAI)

Sky Protocol (formerly MakerDAO) is now issuing USDS (the new, re-branded DAI) as part of its larger initiative, the "Endgame". Currently, this initiative captures approximately $4.97 billion in market cap in decentralised stablecoins as per DeFiLlama's rankings of stablecoins, as of mid-2025.

USDS uses over-collateralized crypto assets and real-world assets (RWAs) as collateral. Such as DAI, USDS is fully decentralised and censorship-resistant, which is a founding principle of the protocol.

5. World Liberty Financial USD (USD1)

Originally introduced in March 2025 by World Liberty Financial USD (a company with connections to the Trump family), USD1 is a dollar-pegged stablecoin that is intended for institutional and sovereign use. As of August 2025, its market capitalization was estimated at more than USD 2.16 billion, making it one of the largest 10 stablecoins in the world.

USD1 is fully backed by short-term U.S. Treasuries, cash equivalents, and U.S. dollar accounts, with BitGo Trust serving as the regulated custodian of the reserves. USD1 is not decentralized like many previous incarnations of stablecoins, and places a severely high priority on regulation by offering something specific to each and every on-chain transaction that must be met in order to do business for those cross-border transactions: regulation. With the worldwide influx of interest developing in digital dollar access, USD1 will be the solution for institutional investors, governments, and large corporate accounts to get their regulated digital dollars.

The Role of Stablecoin Transactions in Revolutionizing Cross-Border Payments

Historically, the mechanisms used to send money internationally have been slow, often expensive, and just generally inconvenient. This is regardless of whether it is an international payment for salary, for an invoice to a vendor, or a simple remittance to a family member. Users are faced with opaque fees, frustrating time envelopes, and no idea of the location of their money in the process. This user's pain is not just frustrating; it results in lost business time and delays.

Cost Reduction, Friction Elimination

The legacy payments are dependent on all kinds of intermediaries - typically local banks, correspondent networks, local FX providers, clearinghouses, among others. Each of the steps creates friction and unknown or hidden costs. While the gaps and processes of these legacy systems have proved to be clunky, blockchain solutions offer an incredible opportunity to make a significant leap forward. Instead of routing through financial institutions, funds can be transferred peer-to-peer, resulting in almost no costs for the business and user.

The payment research from McKinsey perfectly validates why organizations are switching. Banks charge between $15-$50 for an international wire, and a bank can charge as much as $1.50 for an ACH transfer. Stablecoin transactions go for less than $0.1, and it is worth considering that the savings can add up quickly if businesses move their money around regularly.

Instant Settlement - No Cutoff Times

When global value transits typically via traditional rails, the settlement takes days to reach the counterparty, and especially if there are time zone mismatches, it can take days to reach the counterparty on the weekend. But when value transacts via blockchain, a transaction clears at internet speed, 24/7 with no bank holidays and no work office hours — the rails are seamless, ceaseless. The importance of continuous settlement is enormous for companies that transact across time zones and need to be nimble regarding their financial settlements.

Financial Reach Without Borders

Many people across emerging economies have no access to traditional banking services, but they do have smartphones. Digital dollar networks are enormously helpful in bridging a gap so anybody with an internet connection can receive payments and transact with value around the world.

Total Transparency and Finality

Unlike banks, where ledgers can be opaque, you can verify every transaction on a public blockchain in real-time. With adoption climbing steadily across industries, this transparency ensures that funds can't disappear into some administrative black hole. A confirmed payment is a final payment. That protects businesses and recipients from disputes, chargebacks, or ambiguity in status updates.

How Due Powers Effortless Money Movement

Due is leading the charge in this transition. We provide APIs for platforms, enterprises, and fintechs that want to connect to modern financial infrastructure without needing deep cryptocurrency expertise. With Due, you can:

• Send and receive dollar equivalent payments in dozens of countries worldwide
• Utilize local payout methods while trusting in the digital dollar liquidity underlying your account
• Move funds instantaneously between regions - perfect for global payroll, treasury rebalancing, and marketplace payouts
• Automate FX conversion, compliance, and reconciliation with one single integration

Due is abstracting blockchain complexity to enable businesses to do business globally, as seamlessly, quickly, and transparently as they have come to expect doing it locally.

The Path Forward: Stablecoins and The Future of Money Transfer

By 2025, digital dollar assets, or stablecoins, will have moved to the forefront of finance. Tether and Circle balance sheets are managing tens of billions in reserves while new entrants are forming challengers, like Ethena Labs or a PayPal-backed issuer, to the growing digital dollar ecosystem. Governments are also establishing rules to support and regulate the infrastructure.

U.S. Regulation: The GENIUS Act

In June - July 2025, the GENIUS Act (Guiding and Establishing National Innovation for U.S. stablecoins) was the first federal legislation in the U.S., making it illegal for any person or entity to issue a payment stablecoin without a license. The GENIUS Act prescribes 100% reserve assets, which will exclusively maintain the highest quality of current reserves, require annual audits, have prescriptive compliance responsibilities applied by federal regulators, while maintaining that no unlicensed issuers can ever issue payment stablecoins and provide consumer protections for redemptions and priorities in insolvency.

This ruling suggests that stablecoins are not an experiment; they have become financial infrastructure. As the law provides a foundation for growth, companies that build compliant and scalable infrastructure (like Due) will lead the way in the future of global money movement.