The total market capitalization of stablecoins has increased by 70% this year, driven primarily by global payment applications and institutional demand.

[Stablecoin Market Cap Grows 70% This Year, Driven by Global Payment Applications and Institutional Demand] According to a report by Cointelegraph on December 26th, the market capitalization of stablecoins surpassed the $310 billion mark, reaching a key milestone. This represents a 70% increase in just one year. This growth is not merely another indicator of a cryptocurrency bubble; it signifies a fundamental shift in how digital assets are used globally. The report points out that key drivers of stablecoin growth include the widespread adoption of global payment applications, institutional demand, and the development of DeFi. Furthermore, multiple industry analysis models predict that, assuming larger financial institutions more broadly integrate stablecoins, the supply will reach $2 trillion by 2028. These predictions are based on the premise that stablecoins will evolve from transaction-centric tools into a more universal layer of digital cash, applied in areas such as e-commerce, inter-enterprise payments, and embedded finance.