Google Search Data shows that the interest of the stablescoins has reached a top of all times this month, because the regulations were lit by green, the program and the stablecoin offer are skyrocketing, and the institutions are increasingly seeking to launch their own Fiat Tokenized equivalents.
The previous peak for Stablecoin’s research took place in May 2022, just after the Depeg of the Stablecoin Algorithmic Terra (USTC) and the collapse of the Luna ecosystem.
More recent data show that research interests increased in mid-June, then again in mid-July after the adoption of the innovation law of the guidance and stimulating nation for stablescoins (Genius) on July 18.
“People wake up to their potential,” commented the Crypto analyst “The Defi Investor” on X, adding:
“Stablecoins are the product that can on board the first billion people in chain.”
Parabolic growth of stablescoin
The Crypto asset management company told Bitwise on X that “stablescoins become parabolic” on Monday while Stablecoin market capitalization and transactions have reached levels recorded this year.
“You cannot spell” stablescoins “without” parabolic “,” joked the cash flow company Ethereum Sharplink.
The total market capitalization of Stablecoin is at a record level of 272 billion dollars, which is equivalent to around 7% of the total market capitalization of cryptography, according to Coingecko.
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Of this total, around 98% are stablescoins set at the US dollar, and Tether is the home issuer on the market with a share of 60%.
Cover against cryptocurrency
Nassar Al Achkar, director of the Coinw Exchange strategy, told Cointelegraph that the Stablecoins were gaining ground as a “coverage against the volatility of cryptography”.
He said demand is motivated by their usefulness in cross -border payments and as a refuge during market uncertainty, while “many institutions announce the launch of their own stablecoins”.
“Although many companies are embarking on digital asset reserve strategies, others can seek to integrate or launch their own stablecoins to satisfy the interests of investors while maintaining a safer approach to connect with the cryptographic industry.”
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