Stablecoin market hits $312B as banks, card networks embrace onchain dollars

As regulation advances and institutions adopt blockchain settlement, stablecoins are expanding beyond crypto trading into payments infrastructure. What to know : Macquarie says total stablecoin market cap has reached about $312 billion, up ~50% year-over-year. Most activity still comes from crypto trading, but real-world payments and institutional use are rising. Visa, Mastercard and major banks are integrating stablecoins or tokenized deposits into payments and settlement systems, the bank said.