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