Stablecoin market cap hits record high of $226B

The Stablecoin market capitalization reached a new summit of $ 226.8 billion, against $ 132 billion in January 2024.

According to data De Defillama, $ 2.43 billion in Stablecoins were added in last week. With a market value of $ 143 billion, Tether (USDT) is always the largest stablecoin, representing 63% of the market. USDT’s market capitalization is about three times that of the USD part (USDC), which has a market capitalization of $ 57 billion.

In particular, Ethena Usde (TO USE) increased to become the third largest stablecoin, with a market capitalization of $ 5.45 billion. Solana (GROUND) experienced the growth of the largest stallion among all blockchains, going from $ 4 billion in December to $ 11.7 billion on March 11.

The circle alone has struck USDC dollars on Solana so far in 2025, with $ 6 billion issued in January and an additional $ 2 billion in February, according to the channel place data. Despite the increase in stablecoins, decentralized exchange trading volumes decreased, going from $ 572 billion in January to $ 378 billion in February.

The wider market of cryptography also has a slowdown, Bitcoin sliding below the critical psychological level of $ 80,000. The upward supply of stablescoin in the middle of a market slowdown signals the rotation of the capital of Bitcoin and Altcoins to Stablecoins, perhaps because investors adopt a more cautious approach.

Meanwhile, as the rules develop, banks and major fintech companies enter the StableCoin market. The pro-Crypto position of US President Donald Trump has accelerated a regulatory dynamic, encouraging legislators to clarify Rules on stablescoin.

Last month, Bank of America indicated his interest in launching his stablecoin, joining companies like Standard Chartered, Paypal, Revolut and Stripe. This change coincides with the uprising Use of stabbed in cross -border payments and their potential to offer alternatives to banks in developing countries, especially in sectors such as shipping and raw materials.

Compared to $ 521 billion a year ago, Stablecoin transaction volumes reached $ 710 billion last month, according to data of visa. There are now more than 35 million distinct addresses from Stablecoin, an increase of 50% in the past year. Other financial institutions are preparing to enter the market as American and European regulators work on Stablecoin regulations.