Altcoins News

Story: Stablecoins Hit $313B Record as Iran Crisis Sparks Flight to Safety

By Julie Binoche

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Dollar-pegged tokens just smashed records. Stablecoin market cap reached an all-time high of $313 billion on Sunday as investors ditched volatile crypto for perceived safety amid…

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The geopolitical mess between Washington and Tehran pushed oil prices higher and cranked up risk aversion across trading desks. DefiLlama data shows stablecoin values climbed 1.

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Tether dominates everything. USDT holds 62.5% market share with $183.5 billion floating around.

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Circle's USDC grabbed second place with 25.5% of the market, and the numbers tell an interesting story about payments.

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PayPal's PYUSD token saw supply jump 2.8% in the week through March 4. The newcomer now controls 1.

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Regulatory chaos keeps everyone guessing. The CLARITY Act and other digital asset bills remain stuck in Washington's legislative grinder, leaving stablecoin issuers and users in…

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Binance CEO Changpeng Zhao weighed in March 8: "Stablecoins serve as a crucial buffer in volatile markets.

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TrueUSD quietly built its position to 1.2% market share with $3.75 billion in supply as of March 7.

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The SEC still hasn't figured out how to classify stablecoins. Discussions continue without any clear timeline for resolution as of March 9, which leaves everyone guessing about…

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Exchanges are seeing the shift in real time. Coinbase reported 10% higher stablecoin trading volume over the past month through March 5, confirming that traders want stability…

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Institutional money is moving too. Grayscale disclosed March 6 that it bumped USDC holdings by 5% over the past quarter - that's a hedge fund basically admitting it wants boring…

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DeFi platforms are adapting fast. Aave saw stablecoin deposits rise 15% for the week ending March 3, suggesting users want to earn yield without the wild price swings that come…

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Traditional banks are watching nervously. JPMorgan noted March 7 that stablecoins are gaining traction in cross-border payments, but the bank stays cautious about regulatory…

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Kraken announced March 8 it's expanding stablecoin trading pairs, adding PYUSD and TUSD options to meet growing demand from risk-averse traders.

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Bitfinex reported 20% higher daily stablecoin transactions compared to last month. Spokesperson Maria Santoni said the platform's enhanced stablecoin support attracted more…

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