"Stablecoins Overcome Securities Law Debate, Experience Swift Growth in the Last 8 Months" – Matrixport

**# Stablecoin Market Value Soars Despite Regulatory Hurdles** The market value of leading stablecoins [TetherUS (USDT)](https://api.blockmedia.co.kr/binance/outlink/?path=tether) and USD Coin (USDC) has surged over the past eight months, despite ongoing regulatory challenges and uncertainty in the digital asset sector. According to a Matrixport report cited by CryptoNews on October 15, this growth underscores the resilient nature of stablecoins. A Matrixport chart highlights the consistent increase in the market capitalization of USDT and USDC, indicating sustained liquidity inflow into the digital ecosystem, even as broader cryptocurrency prices have seen significant declines recently. **# Market Expansion of USDT and USDC** From August 2024 to April 2025, [TetherUS (USDT)](https://api.blockmedia.co.kr/binance/outlink/?path=tether)’s market value rose by approximately 26%, growing from $113 billion to over $143 billion. This rise occurred despite partial delistings on certain European platforms that failed to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations. Meanwhile, USD Coin (USDC) experienced even more substantial growth, with its market capitalization soaring 93%, from $31 billion to $60 billion, during the same period. Matrixport analysts view these capital inflows as indicative of the increasing importance of stablecoins in the digital economy. This momentum, occurring without broader bullish market conditions, further highlights the strong demand for stablecoin liquidity. **# The Future of Stablecoins Amid U.S. Regulatory Scrutiny** The growing adoption of stablecoins comes amid challenging and often unclear U.S. regulatory landscapes. Recently, the U.S. Securities and Exchange Commission (SEC) affirmed that fiat-backed, fully redeemable stablecoins like Tether and USDC are not classified as securities, providing reassurance to issuers amid heightened regulatory scrutiny. However, the SEC’s stance contrasts with other legislative proposals that seek to impose bank-like regulations on stablecoin issuers. Notably, there is ongoing debate about introducing a federal charter system to support private-sector innovation while maintaining regulatory oversight. These differing approaches suggest that discussions on stablecoin legislation in the U.S. are far from concluded. As regulatory debates continue, the ongoing growth of USDT and USDC underscores the resilience and expanding role of stablecoins in the global digital economy. The outcome of regulatory developments will be crucial in shaping the future trajectory of stablecoin adoption and innovation.