CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

The Defiant 2025-05-04 17:35:20

Stablecoin Market Cap Hits $243 Billion with $720B Monthly Volume; USDT, USDC Lead Growth; Treasury Forecasts $2T by 2028

The stablecoin market has reached new heights, with the total market capitalization hitting a record $243 billion as of early May 2025. This marks a $7.85 billion increase in the past 30 days, including $4.09 billion in the last week alone. The growth follows 19 consecutive months of supply expansion, with fiat-backed stablecoins reaching an average supply of $218 billion in April, up 2% month-over-month and 8% year-to-date. Monthly transaction volumes have also surged, surpassing $720 billion, another record. Key stablecoins such as Tether (USDT) and USD Coin (USDC) have contributed significantly, with USDT adding $5.3 billion and USDC $6 billion in recent months. The resurgence in stablecoin liquidity is seen as a precursor to potential gains in Bitcoin and other cryptocurrencies. The U.S. Treasury projects that stablecoins could grow to $2 trillion by 2028, nearly ten times the current size, and Citi forecasts a possible rise to $3.7 trillion by 2030 under a bullish scenario. Stablecoins are increasingly recognized for their role in facilitating open, instant, and borderless payments, moving $15.6 trillion in value in 2024 alone. Additionally, the Tron network dominates stablecoin transaction volume, with $4-5 billion worth of USDT transacted daily through its platform. This growing momentum in stablecoins is also prompting regulatory attention and discussions about their impact on global financial markets. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.