Summary
- The stablecoin market's market capitalization has reached a record high of 314 billion dollars.
- Canaccord Genuity said regulatory clarity, including the implementation of the U.S. 'GENIUS bill', is the key driver of market growth.
- It projected that with increased institutional entry and more new use cases, there is significant growth potential for stablecoins through 2026.
The stablecoin market capitalization reached a record high of 314 billion dollars, and claims have emerged that rapid market growth is expected.
According to CoinDesk on the 16th (local time), Canaccord Genuity said in a report that "the stablecoin market is rapidly expanding thanks to the growth of Tether (USDT) and Circle (USDC)," and that "as institutional competition intensifies, stablecoins are evolving into the internet's 'Money Layer'."
The report said that the implementation of the U.S. 'GENIUS bill', which recognizes regulatory-compliant stablecoins as equivalent to cash, has acted as a key driver of market growth. Canaccord Genuity analyzed that "regulatory clarity is increasing trust in stablecoins, and in the medium to long term they will become central to global payment infrastructure."
It also noted that the stablecoin market remains at a low level relative to U.S. M2 money supply, and forecasted that with expanded institutional entry and increased new use cases there is significant growth potential through 2026.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
