The post Stablecoins Record $846 Billion In Onchain Trading Volume With A 30% Drop appeared first on Coinpedia Fintech News
Stablecoins have recorded $846 billion in on-chain trading volume despite a 30% drop from the previous month. The total stablecoins supply remained $20 billion below its peak, signaling robust market activity. There is a growing acceptance of Stabelcoins as they are now considered a viable option offering a more economical alternative for global transactions. Despite its impressive trading volumes, the stablecoin market faces mistrust from financial institutions. However, major market players like Ripple predict the Ripple stablecoin market to surge to $3 trillion by 2028.