Top 10 New Stablecoin Projects to Watch in 2025

Stablecoins have come a long way - from experiments to digital transactions. In 2025, they’re not just for crypto traders anymore. They’re now used for payments, savings, lending, and even sending money across borders. Basically, they’re becoming a core part of the digital transaction world.

But with so many different stablecoins out there now, it can be tough to figure out which one is actually useful and trustworthy. Some are run by companies, others are built by Web3 communities, and a few are like trying completely new ideas to stay stable.

Here are 10 stablecoins that are worth knowing about this year, whether you're building something, investing, or just staying updated.

1. Tether (USDT)

Tether is still the most used stablecoin in the world, with over $162 billion in circulation as of July 2025. It’s especially big in places where people can’t get U.S. dollars easily.

It’s been around a long time and has had its share of controversy, but it’s improved a bit lately with regular reports and support on more blockchains like Tron, Solana, and Avalanche.

That said, it’s still run by a company and depends on banks, so there’s always some risk.

2. USD Coin (USDC)

USDC is backed by Circle and Coinbase, and people see it as one of the safer, more regulated stablecoins. It has around $64 billion in supply.

It’s often used by businesses for payments and by people moving money around in crypto.

The only catch? It’s closely tied to U.S. banks and government rules, which could be a problem if those rules suddenly change.

3. Ethena (USDe)

USDe works differently, it doesn’t hold actual dollars. Instead, it uses a smart trading strategy (called delta-neutral hedging) to stay stable.

It’s growing quickly in DeFi and now has over $6 billion locked up.

But it’s still a newer type of stablecoin, and if markets get rocky, its system could struggle to keep the price stable.

4. DAI

DAI is one of the longest-running decentralized stablecoins. It’s managed by the MakerDAO community and backed by a mix of crypto and some real-world assets.

In 2025, it’s going through some updates like changing fees and adding new types of backing.

Some people are worried it's starting to rely too much on centralized stuff like USDC, but it’s still a key part of DeFi today.

5. First Digital USD (FDUSD)

FDUSD got popular fast, especially because Binance pushed it heavily. It’s now the second-most traded token on Binance.

But it did have a brief moment earlier in Q1 2025 where it lost its peg, which made people question how transparent it really is.

It’s still a centralized coin and depends a lot on Binance, so it comes with some risk.

6. PayPal USD (PYUSD)

PYUSD is PayPal’s stablecoin and it’s built right into apps like PayPal and Venmo, making it easy for everyday people to use.

It’s growing fast with non-crypto users and brings in protections like what you’d expect from a regular payment app.

But it’s completely centralized and highly regulated, so not great if you want to use it in DeFi or keep things private.

7. Tether Gold (XAUT) & PAX Gold (PAXG)

These are stablecoins backed by real physical gold. They’re becoming more popular in countries dealing with inflation or weak currencies.

They let you hold gold in a digital way—easy to move and store, without needing a vault.

8. USDX (by Stables Labs)

USDX is a newer stablecoin that’s focused on making cross-border payments cheaper and easier, especially in Asia and Latin America.

It’s working on staying in line with local laws and keeping fees low.

But right now, there’s not much info available about how it’s backed - though they say more transparency is coming soon.

9. TrueUSD (TUSD)

TUSD is growing steadily, even if it doesn’t get a lot of hype. It’s used more and more in on-chain lending and in countries where traditional banking is limited.

It gives regular reports and has stayed reliable overall.

It might not be flashy, but it’s a solid and steady option.

10. USD1

USD1 launched in early 2025 and has gotten attention because it’s said to be linked to Donald Trump. It’s branded as a “patriotic” U.S. dollar and grew fast, hitting over $2.2 billion in market cap by July 2025.

It’s backed by cash and growing in use, but the political angle and the fact that it’s centralized have made some users uncomfortable, especially those who care about privacy.

Real-World Case Studies - USDC in Cross‑Border Payments

Acctual, a platform serving businesses, has used USDC to process over $25 million in invoices across 100+ countries - enabling near-zero transaction costs and real-time settlement within seconds

Arf leverages USDC to provide liquidity for cross-border settlement, entirely eliminating prefunding needs and accelerating global payment flows.

Final Thoughts

Stablecoins aren’t just tools anymore - they’re becoming real infrastructure for the digital world. Whether you’re saving money, building a product, or moving funds between countries, it matters which one you use.

Some are more open and community-run. Others are easier to use or better for business. And some come with higher risks or more government oversight.

Want to know what your Web3 community really thinks about stablecoins?

Use BlockSurvey - an easy, private tool to:

• Run anonymous polls on which stablecoins people trust
• Collect feedback on new products or risks
• See what people are thinking during an event

Great if you’re running a DeFi project, a DAO, or just want honest input from your users.