According to market analysts, the record $300 billion Stablecoin market capitalization could indicate that more investor capital is flowing on-chain.
Total Stablecoin supply hit a new record of over $300 billion on Friday, marking an age-type growth rate of 46.8%, which could surpass the previous year’s Stablecoin market growth.
The record takes place at the beginning of October, the second-best month for Bitcoin (BTC) historically, and strengthens investors’ optimism over potential “up-to-bar” rallies.
“Stablecoin Supply could have exceeded $300 billion, but this isn’t waiting for a bystander. It’s moving through the market with purpose,” says Andrei Grachev, founding partner of Synthetic Dollar Protocol Falcon Finance.
“Transfer volumes go into trillions each month. Speed metrics show constant activity across the network,” Grachev told Cointelegraph. “They are used. They just don’t hold them. This is capital in the workplace, not pending capital.”
“Stablecoins offers dollar access to transactions, funding positions and users where banks are short on the market,” he added.
Stablecoins has several non-invest use cases, including payments, remittances, merchant payments, and other savings methods. Increased supply may indicate more stable usage for daily payments or institutional settlements.
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A $300 billion Stablecoin supply could become crypto “rocket fuel”
According to Ricardo Santos, chief technology officer at Stablecoin-based Fintech Payment Company Mansa Finance, the $300 billion milestone could mark “digital asset rebound” along with the expansion of Stablecoins integration in global finance.
“Extensions are often interpreted as signs of fresh dollar equivalent liquidity that can quickly spin into Bitcoin, Ethereum or altcoin,” he told Cointelegraph. “In this sense, the $300 billion threshold looks like rocket fuel for the next market cycle.”
Santos pointed to the adoption of stubcoins in countries such as Nigeria, Türkiye and Argentina. There, residents use tokens that have won US dollars as “de facto dollars” for daily transactions.
Stablecoins are integrated into payment systems by global financial players such as Visa and embedded in mainstream financial infrastructure.
Related: Bitcoin ETFS Kickstart ‘Uptober’, record $3.2 billion in second best week
Over the past month, Circle has cast $8 billion worth of USDC (USDC) on the Solana Network alone on the Solana Network alone, according to X-Post on the blockchain data platform LookonChain.
According to technical analysts and popular crypto trader Kydoup, “capital won’t stay long,” he hopes a record-breaking supply of stubcoin will flow into the cryptocurrency market.
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