Key Takeaways:
- Google search interest in stablecoins hit an all-time high in July, aligning with the GENIUS Act becoming law and stablecoin market cap reaching $272 billion.
- Stablecoins now represent 7% of the total crypto market cap, with 98% pegged to the US dollar and Tether holding a 60% market share.
- Institutional and cross-border use of stablecoins is rising sharply, with analysts highlighting their potential for mainstream crypto adoption.
Google search interest in stablecoins surged to an all-time high this month, coinciding with the stablecoin market cap reaching $272 billion following the passage of the Guiding and Empowering Nation’s Innovation for US Stablecoins (GENIUS) Act on July 18.
This legislative milestone fueled heightened attention, aligning with a broader rise in stablecoin issuance, growing supply, and increasing institutional interest in launching tokenized fiat equivalents.
Google searches for ‘stablecoins’ just hit an all-time high in 2025.
— Satoshi Club (@esatoshiclub) July 29, 2025
Interest spiked after the GENIUS Act became law and as more institutions explore launching their own tokens.
Total stablecoin market cap is now at a record $272B, or 7% of the entire crypto market. pic.twitter.com/W7UoVlTkx9
According to Google Trends data, the last comparable surge in interest occurred in May 2022, shortly after the collapse of Terra’s algorithmic stablecoin and the broader Luna ecosystem.
Recent spikes in search volume were seen in mid-June and again in mid-July, tracking closely with the GENIUS Act’s progress and final approval.
Analysts and industry voices described the current market activity as “parabolic.” Bitwise highlighted record highs in both stablecoin capitalization and transaction volumes, while Ethereum treasury firm SharpLink echoed this by stating, “You can’t spell ‘stablecoins’ without ‘parabolic’.”
You can’t spell “stablecoins” without “parabolic”
— SharpLink (SBET) (@SharpLinkGaming) July 28, 2025
Stablecoins now represent ~7% of the total crypto market cap.
Roughly 98% are pegged to the US dollar, with Tether maintaining a dominant 60% market share.
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Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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