Market analysts indicate that the record $300 billion market cap of stablecoins may mean that more investment funds are flowing onto the blockchain, becoming the "rocket fuel" for cryptocurrency valuations.
According to Cointelegraph, as of Friday, the total supply of stablecoins reached a new high of $300 billion, a 46.8% increase year-to-date, potentially surpassing last year's market growth rate.
This record was set in early October, a month that historically ranks as the second-best for Bitcoin (BTC), further reinforcing investors' optimistic expectations for an "Uptober" rally.
Andrei Grachev, founding partner of the synthetic dollar protocol Falcon Finance, stated, "The supply of stablecoins may have surpassed $300 billion, but this is not idle money waiting on the sidelines; it is purposefully flowing in the market."
Grachev pointed out to Cointelegraph, "The monthly transfer volume is in the trillions, and network activity remains robust. They are being used for trading, not just being held. This is money at work, not idle funds."
He added, "Stablecoins are settling transactions, providing funding for positions, and offering users access to dollars where banks cannot meet demand."
The uses of stablecoins extend beyond investment to include payments, remittances, merchant collections, and savings. The growth in supply may also indicate an increase in the use of stablecoins for everyday payments or institutional settlements.
Ricardo Santos, CTO of fintech payment company Mansa Finance, stated that this $300 billion milestone may signal a "rebound in digital assets" and the increasing integration of stablecoins into the global financial system.
He told Cointelegraph, "The expansion of stablecoin supply is often seen as a signal of new liquidity injections equivalent to dollars, which can quickly flow into Bitcoin, Ethereum, or other altcoins. In this sense, the $300 billion threshold acts like rocket fuel for the next market cycle."
Santos noted that in countries like Nigeria, Turkey, and Argentina, residents are using dollar-pegged tokens as "de facto dollars" for everyday transactions, driving the adoption of stablecoins.
Additionally, global financial institutions like Visa are integrating stablecoins into payment systems, further embedding them into mainstream financial infrastructure.
According to a post by blockchain data platform Lookonchain on X, in the past month, Circle minted $8 billion worth of USDC on the Solana network alone, with $750 million minted on Thursday.
Renowned crypto trader and technical analyst Kyle Doops stated, "Funds won't stay idle for long." He anticipates that this record stablecoin supply will begin to flow into the cryptocurrency market.
Related: Analyst: Bitcoin will "break through" to the next stage, targeting $150,000
Original article: “Stablecoin Market Soars to $300 Billion, Fueling Crypto Market Surge”
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