The stablecoin market continues to grow, with the total market capitalization reaching a new record of $243.8 billion

The stablecoin market continues to show significant growth, with the total market capitalization reaching a new record of $243.8 billion. This increase reflects

The stablecoin market continues to expand rapidly, reaching a new milestone in market capitalization. Recent data from CoinMarketCap, on Monday (7/10), shows that the total market capitalization of stablecoins has now surpassed $243.8 billion.

This marks an increase of more than $38 billion in assets since the beginning of the year, highlighting the rapid growth witnessed in this asset class.

Among the prominent trends observed is Tether (USDT) further strengthening its position as the leading stablecoin.

Its market capitalization has surged to over $151 billion, showcasing a strong dominance with a percentage of 62% of the total stablecoin market capitalization.

In comparison, USD Coin Ethena USDe (USDe) stands as Tether’s (USDT) closest competitor, with almost $5 billion in assets. A new presence in the market is USD1, launched by President Donald Trump’s World Liberty Financial, which has also garnered attention with over $2.1 billion in assets.

According to data from Visa, there has been a surge in the use of stablecoins for everyday transactions. In the past 12 months, more than 192.2 million unique sender addresses have made transactions using stablecoins, while 242.7 million recipient addresses were recorded.

The number of unique active addresses has increased to 250 million.

In terms of transactions, the total count reached 5.8 billion, with a transaction volume of $33.6 trillion.

Stablecoins are known for offering lower fees than traditional methods. For instance, wire transfers or payment systems like PayPal charge 2.99% plus a variable fee for a $1,000 transaction. Faster transaction speeds are also one of the main advantages of stablecoins.

According to a recent report by Citi, it is expected that stablecoins will continue to gain a larger market share in the coming years. Citi’s analysts estimate that the market value of stablecoins will attain more than $1.6 trillion by 2030.

Standard Chartered, on the other hand, predicts that the value will reach $2 trillion by 2028.

This growth is being driven by increased trust from users as well as wider integration with traditional financial systems. Stablecoins provide an efficient and economical solution, making them an attractive option for many users and investors around the world.

With rapid growth and increasing adoption, stablecoins are likely to continue to play an important role in the evolution of the global financial system. The advantages in transaction costs and speed make stablecoins a promising alternative to traditional payment methods.