The total market value of stablecoins has surpassed 200 billion USD, setting a new historical record

ChainCatcher news, according to data from The Block, the total market capitalization of stablecoins has reached a historic high of over $200 billion, an increase of 13% from last month.

Coinbase analysts indicate that the growth in stablecoin market capitalization may be driven by investors seeking on-chain lending rates, as on-chain lending rates exceed those of traditional finance.