Total market capitalization of stablecoins surpasses $200 billion, reaching an all-time high

CoinVoice has recently learned that, according to data from The Block, the total market capitalization of stablecoins has reached an all-time high of over $200 billion, marking a 13% increase from last month.

Coinbase analysts say that the growth of stablecoin market capitalization may be driven by investors seeking on-chain lending rates, as on-chain lending rates exceed those of traditional finance. [Original link]