Stablecoin Supply Surges Past $302 Billion, Driven by DeFi Growth and Institutional Demand

Cryptocurrency stablecoin supply has hit a record high of $302.3 billion, indicating a surge in investor confidence and market liquidity. The growth is driven largely by DeFi applications and increasing institutional investment, particularly in Tether, which currently holds almost 60% of the market share. Ethereum’s potential to reach $10,000 within two years further highlights the rising demand for its network in finance and decentralized applications.