Stablecoin Market Nears All-Time High

- According to analyst Alice Liu of CoinMarketCap, stablecoins are worth $172 billion, down just 8% from their peak in spring 2022.

- Liu compared stablecoins to Berkshire Hathaway's cash reserves, noting that it's a huge pool of liquidity ready to be invested in cryptocurrencies as Bitcoin rises.

- Stablecoins account for about 50% of all transactions on public blockchains.

- A 20% increase in stablecoins on exchanges this year could herald a rise in cryptocurrency prices.