USDT Dominates as Stablecoin Liquidity Hits $250 Billion: Altcoin Rally Imminent?
The cryptocurrency market is witnessing a significant surge in stablecoin liquidity, with the total supply reaching $250 billion, accounting for 7.5% of the global crypto market. This influx of capital, predominantly led by Tether (USDT) which holds a 66.2% market share, signals heightened investor readiness to deploy funds. Analysts suggest that altcoins are poised to benefit the most from this liquidity surge, as Bitcoin and stablecoins now represent 73.5% of the market. The enduring trust in dollar-pegged assets like USDT during periods of market uncertainty further underscores their pivotal role in shaping the next potential altcoin rally. As of June 2025, the stage seems set for a dynamic shift in market dynamics, with altcoins likely to take center stage.
Stablecoin Liquidity Hits $250 Billion: Is a Massive Altcoin Rally Next?
Stablecoin supply has surged to $250 billion, marking a 7.5% share of the global cryptocurrency market. This liquidity surge signals investor readiness to deploy capital, with altcoins poised as the likely beneficiaries. Tether (USDT) dominates the stablecoin market with a 66.2% share, reflecting enduring trust in dollar-pegged assets during market uncertainty.
Bitcoin and stablecoins now account for 73.5% of market activity—a threshold historically preceding altcoin capital rotation. The last 90 days have seen billions FLOW into stablecoins weekly, creating a liquidity buffer that could fuel the next altseason. Market observers note this pattern often precedes aggressive risk-on moves into smaller-cap assets.
Why the Nobitex Hack Signals a New Era of Crypto-Fueled Cyberwar
Pro-Israeli hackers linked to Gonjeshke Darande, or "Predatory Sparrow," executed a politically motivated cyberattack on Iranian crypto exchange Nobitex, siphoning or destroying over $90 million in digital assets. The operation, timed amid the fragile Israel-Iran ceasefire, targeted BTC, ETH, DOGE, and USDT—funds allegedly used by Iran to evade sanctions and finance militant activities.
The hackers routed stolen assets into burn wallets with inflammatory public keys like "F*ckIRGCterrorists," emphasizing humiliation over profit. Elliptic and Reuters confirmed the attack's scale and geopolitical undertones, underscoring crypto's growing role as a battleground for state-aligned sabotage.
Predatory Sparrow's prior strikes on Iranian infrastructure, including Bank Sepah, reveal a pattern of hybrid warfare blending financial disruption with psychological messaging. This incident marks a pivot from traditional cybercrime to weaponized blockchain transactions.
Coinbase Assists U.S. Secret Service in $225M USDT Seizure Linked to Pig Butchering Scams
Coinbase played a pivotal role in one of the largest cryptocurrency seizures in U.S. Secret Service history, aiding the recovery of $225 million in USDT tied to pig butchering scams. The exchange's onchain analysis capabilities helped trace illicit fund flows and identify victims for restitution.
The operation culminated in a June 18 enforcement action by the Department of Justice, following a month-long investigation into Southeast Asian fraud networks. Tether had previously frozen the stolen USDT in late 2023, blocking 39 wallet addresses.
Many compromised wallets were linked to 140 OKX accounts operated by alleged human trafficking victims forced to run fraudulent investment platforms. These scams typically involve building false trust through fabricated relationships before manipulating victims into sending cryptocurrency.
During a critical four-day investigative sprint in February 2024, Coinbase collaborated with Secret Service agents to trace millions in transactions. This effort identified over 130 Coinbase users who had unknowingly sent at least $2.3 million to scam addresses.
