US Stablecoin Transactions Surge Past $10 Billion Following Regulation

The evidence strongly supports the statement's truthfulness. The existence of a specific, major regulation in 2025 is confirmed by multiple sources, namely the legal analyses from Morgan Lewis and Gibson Dunn, which describe the passage of the "GENIUS Act." This directly corroborates the first part of the claim.The second part of the claim, regarding transaction volume exceeding $10 billion post-regulation, is supported by highly authoritative and relevant sources. The most critical piece of evidence is the July 2025 Federal Reserve research note. As a primary source published after the regulation's passage, its summary states that it "explicitly notes an increase in transaction volume" and is based on underlying data. While the summary doesn't provide the exact dollar figure, this finding from the Fed is a powerful indicator.This is further contextualized by a February 2025 speech from Federal Reserve Governor Waller, who stated that stablecoins were already involved in "over 80% of crypto trading volume." This establishes that the market was already massive before the regulation, making a post-regulation figure exceeding $10 billion highly plausible, especially in light of the Fed's finding of a subsequent increase. The 2022 Office of Financial Research report also mentions figures greater than $10 billion in a financial context, reinforcing that this scale of activity is not unusual for the market. There is no conflicting evidence presented in the sources.