Stablecoin startups have attracted funding of $537 million so far, up from $84 million in 2024. Some analysts have attributed the growth to a favourable regulatory framework and new startups from the fintech and banking sectors.  Hong Kong-based OSL Group led in the latest round of funding after securing $300 million in July through equity financing. Circle and Figure cumulatively drive the total funds raised in the sector this year above $2.4 billion. Other notable startups included Rain, Agora Finance, and RD Technologies, with $58 million, $50 million, and $40 million raised in July and August.