Cryptocurrency research firm Diar indicates that the market capitalization for USD stablecoins has hit all-time highs and exceeded $4 billion, according to its latest weekly report published on May 21.
Stablecoins tied to the greenback have broken through to a market cap of almost $4.3 billion, according to Diar’s data. The report also reveals a surge in USD stablecoin trading volumes, with Circle and Coinbase-backed USDC posting a 130% uptick in volume between April and May, so far this month hitting $3.6 billion (as compared with $1.6 billion in April).
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