{"id":71345,"date":"2025-05-03T14:21:19","date_gmt":"2025-05-03T14:21:19","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/71345\/"},"modified":"2025-05-03T14:21:19","modified_gmt":"2025-05-03T14:21:19","slug":"stablecoin-market-cap-reaches-all-time-high-amid-crypto-growth","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/71345\/","title":{"rendered":"Stablecoin Market Cap Reaches All-Time High Amid Crypto Growth"},"content":{"rendered":"

Stablecoin market capitalization reached an all-time high in April amid strong performance across cryptocurrency sectors, CoinDesk Data<\/a> said in a report<\/a> released Friday (May 2).<\/p>\n

After growing by 2.12% in April and seeing 19 consecutive months of gains, the stablecoin market cap reached $238 billion, according to the report.<\/p>\n

This growth was outpaced by that of other cryptocurrency sectors in April, however, so the market share held by stablecoins declined from 8.64% in March to 7.88% in April, the report said.<\/p>\n

The market cap of non-USD fiat stablecoins leaped 30% in April to reach $533 million. The report attributed the surge in demand to the volatility of the U.S. dollar that has been seen during the current U.S. tariff disputes.<\/p>\n

\u201cAs confidence in the dollar wavers, demand for non-USD fiat stablecoins has accelerated,\u201d the report said. \u201cIn addition, gold-backed stablecoins have also gained traction as investors seek alternative stores of value, buoyed by the precious metal reaching new all-time highs in April.\u201d<\/p>\n

Highlighting trends seen during April among the top 10 stablecoins, the report said the market cap of Tether (USDT<\/a>) rose 2.26% to $148 billion, the market cap of USD Coin (USDC<\/a>) rose 3.07% to reach its all-time high of $62.1 billion, and the market cap of First Digital Labs\u2019 FDUSD<\/a> dropped 46.2% to $1.25 billion after the stablecoin\u2019s price lost its parity on April 2.<\/p>\n

Stablecoins<\/a> are quietly becoming financial infrastructure, PYMNTS reported April 30.<\/p>\n

For example, in late April, Mastercard<\/a> partnered with OKX<\/a> and Nuvei<\/a> to foster broader adoption of stablecoins, and Kraken<\/a> introduced a solution to help financial institutions give clients access to crypto.<\/p>\n

In addition, the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act<\/a> has emerged as a beacon of hope for crypto firms seeking clarity. If passed, it would be the first comprehensive framework in the United States for regulating stablecoins.<\/p>\n

\u201cThere\u2019s certainly a change in how the administration views the digital assets<\/a> industry,\u201d Dan Boyle<\/a>, partner at Boies Schiller Flexner<\/a> told PYMNTS in an interview posted April 23. \u201cThis is not a confrontational posture.\u201d<\/p>\n

Regulatory maturation, the real-world quest for stablecoin<\/a> utility, and the institutionalization of digital assets mark a turning point in which the Wild West days of crypto are being replaced by a convergence with mainstream finance, PYMNTS reported April 23.<\/p>\n","protected":false},"excerpt":{"rendered":"Stablecoin market capitalization reached an all-time high in April amid strong performance across cryptocurrency sectors, CoinDesk Data said…\n","protected":false},"author":2,"featured_media":71346,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[2257,3210,51,31212,35698,16109,1700,2441,12,3279,34950,16,15,3281],"class_list":{"0":"post-71345","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin","9":"tag-blockchain","10":"tag-business","11":"tag-cryptocurrency","12":"tag-digital-asset","13":"tag-digital-currency","14":"tag-economy","15":"tag-markets","16":"tag-news","17":"tag-pymnts-news","18":"tag-stablecoins","19":"tag-uk","20":"tag-united-kingdom","21":"tag-whats-hot"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114444349214822020","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/71345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=71345"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/71345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/71346"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=71345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=71345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=71345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}