Stablecoins Break $300B: The Quiet Boom 😂💰

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In the mild theatre of finance, the crypto market flaps with renewed interest, but the stablecoin chorus conducts itself with the stern civility of a butler who has learned not to spill the secrets of the drawing room. A most respectable milestone has been reached: stablecoin market capitalization has crept over the $300 billion line-a number as polite as it is alarming-and the GENIUS Act, passed in July, lends the whole affair a certain stagey gravitas. 🤵💼

According to DeFiLlama, the total value of all stablecoins now sits at $301 billion. This is a 1.84% increase from last week and a 6.5% rise from the last 30 days.

Tether’s USDT wears the crown, commanding 58% of the field and a princely $176.3 billion. Circle’s USDC, with 24.5% and $74 billion, follows in second place. Ethena’s USDe is next with $14.8 billion, and MakerDAO’s DAI stands at $5.0 billion in fourth.

Of Stablecoins and the Gentlemen’s Club

There has been a surge in stablecoins over the past few months. A September Citi Group forecast suggests the global stablecoin market could be worth $4 trillion by 2030 in a best-case scenario and $1.9 trillion in a base case. 💷🧐

According to Citi, stablecoins could handle up to $100 trillion in transactions each year. A figure so grand that it makes the banks’ daily traffic look like a polite walk in the park. The report also warns investors that cross-border payments take longer because many countries already have fast and cheap ways to pay one another. 💸🌐

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2025-10-03 14:35