Stablecoin Market Expands to $304.6B with $2B Weekly Growth
The global stablecoin market capitalization surged by $2.035 billion over the past week, reaching $304.57 billion according to Defillama data. This 0.67% weekly gain underscores the accelerating adoption of dollar-pegged cryptocurrencies as foundational infrastructure for digital asset markets.
Stablecoins now represent the silent backbone of crypto trading and decentralized finance, with their market size growing exponentially since 2020. The sector's growth reflects increasing institutional utilization for settlements and retail demand for volatility hedging during market cycles.