🔎 Google searches for "stablecoins" hit all-time high following the passing of the GENIUS Act and surging market activity
The total stablecoin market cap reached $272B - a record - with 98% pegged to USD and Tether dominating with 60% share.
📈 Analysts call it a "parabolic" phase, as stablecoins become:
- a hedge against crypto volatility,
- a driver of on-chain adoption,
- and a go-to for institutions launching tokenized cash.
"Stablecoins are the product that can onboard the first billion people on-chain" - insightfully remarks The DeFi Investor on X.
💭 This ongoing surge highlights stablecoins' transformative potential, although sustained success depends on robust transparency and clear regulatory frameworks to build lasting trust in this evolving ecosystem.
