These digital currencies, pegged to fiat money, offer stability in a volatile market.
Popular among traders and investors, they've seen a massive surge in adoption.
In the past year, the total value locked in stablecoins has grown by over 300%, with USDC and Tether leading the charge.
Used for cross-border payments and DeFi applications, stablecoins provide a safe haven during market downturns and offer faster, cheaper transactions than traditional banks.
For example, their daily trading volume has surpassed $100 billion, rivaling major fiat currencies.
Their market cap and transaction volume have skyrocketed, marking a new era in finance.