Market Hits New Highs as Adoption Grows
The stablecoin market is booming, with total market capitalization soaring 17% to $219 billion. Tether (USDT) and USD Coin (USDC) are leading the charge, with USDT's daily active addresses hitting a six-month high of 143,480.
Institutional players like Bank of America, PayPal, and Stripe are expanding into stablecoins, boosting adoption for cross-border payments. Binance’s stablecoin reserves have also reached an all-time high of $31.3 billion, signaling increased liquidity.
With rising demand and fresh capital entering the market, analysts suggest this stablecoin surge could fuel the next crypto rally.