Stablecoin Market Soars to $170 Billion, Fueling Optimism for Bitcoin Boom

The stablecoin market has achieved a remarkable milestone, reaching a total market capitalization of $170 billion. This figure has not been observed since the collapse of TerraUSD (UST) in May 2022. According to data from DeFiLlama, this marks a 42.86% increase from the $119.1 billion market capitalization in November 2023. Analyst Explains How Rising Stablecoin Supply is Bullish... source: https://beincrypto.com/stablecoin-market-spark-bitcoin-rally-hopes/