๐ The numbers show that the market cap of stablecoins has grown from $131 billion in January 2024 to $249 billion, an increase of 90%. Stablecoins have truly become the first truly mainstream use case for cryptocurrencies.
๐ฅ Partnerships between stablecoin infrastructure providers and tech companies are proliferating at an incredible rate. Mastercard has formed an alliance with MoonPay, Visa has signed a deal with Bridge. In October 2024, Stripe announced it would buy Bridge for $1.1 billion, a deal Fortune called the โstarting shotโ for Silicon Valley to take stablecoin technology seriously.
