Stablecoin Market Capitalization Hits $138 Billion as Volume Grows by 4.5% this Month

This indicates that the stablecoin market is experiencing significant growth. Stablecoins are digital currencies that are usually pegged to a stable asset, such as gold or a basket of fiat currencies like the euro, dollar, etc. The growth in market capitalization to $138 billion suggests an increased demand and usage of stablecoins in the cryptocurrency market.

This trend might be influenced by many factors. One such is the increasing acceptance and adoption of cryptocurrencies for transactional purposes, as they offer a fast, secure