The stablecoin market has hit a record $190 billion, driven by Tether’s growth, Stripe’s $1.1 billion acquisition, and broader adoption for cross-border payments amid a crypto market rally post-election.
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Total Stablecoin Value Tops Terra-Era Peak to Near $200 Billion
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Stablecoins are a kind of cryptocurrency designed to maintain a price consistently in line with that of a fiat currency, usually the US dollar. In the past their main use has been as a conduit for traders to move funds in and out of other tokens. But there is now mounting optimism that stablecoins may cement a more prominent role in global commerce — in particular as a tool for cross-border payments.
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