US EditionStablecoins Ignite Record-Breaking May, Supply Jumps To $244B - Data - Overpasses For America
4 Articles
4 Articles
Stablecoins Ignite Record-Breaking May, Supply Jumps To $244B - Data - Overpasses For America
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word bega…
Stablecoins Ignite Record-Breaking May, Supply Jumps To $244B – Data - Coin Surges
A surge of stablecoin transactions marked May as a standout month for the crypto sector. It moved beyond mere token swaps. Lots of people and services turned to dollar-pegged coins for moving value. Activity hit fresh highs, hinting that stablecoins are now the main channel for on-chain payments. Spike In Wallet Activity According to Artemis data, more than 33 million wallets sent or received stablecoins during May. That’s a big jump compared wi…
Key news: The capitalization of the stablecoins exceeded $250 billion, driven by clearer regulations and sustained adoption in DeFi. The U.S. Senate approved the GENIUS Act, which will require liquid reserves and annual audits of issuers with more than $50 billion. Large banks like JPMorgan and Citi negotiate to launch a joint stablecoin, while DeFi already concentrates 25% of the global volume spot. The total market capitalization of the stable…
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