BlockBeats news, December 26th, according to Cointelegraph, the stablecoin market’s market capitalization has surpassed the $310 billion mark, reaching a key milestone. This represents a 70% growth in just one year. This growth is not merely another indicator of a cryptocurrency bubble; it signifies a fundamental shift in the global usage of digital assets.
The report notes that the main drivers behind the rapid growth of stablecoins include: the widespread adoption of global payment applications, institutional demand, and the development of DeFi. Furthermore, multiple industry analysis models predict that, under the premise of broader integration of stablecoins by large financial institutions, the supply of stablecoins will reach $2 trillion by 2028. These predictions are based on the expectation that stablecoins will evolve from transaction-centric tools into a more versatile digital cash layer, applicable in areas such as e-commerce, business-to-business payments, and embedded finance.
