Stablecoin Market Breaks $300B as One Crypto Is Ready to Explode Next: Best Wallet Token
The post Stablecoin Market Breaks $300B as One Crypto Is Ready to Explode Next: Best Wallet Token appeared on BitcoinEthereumNews.com.
The total stablecoin market cap has soared past $300B for the first time ever. Nearly 300 projects across several different chains have contributed to the figure, as regulatory clarity encourages traditional firms to adopt stablecoins. The trend is expected to gather more speed in the coming months. However, being pegged to fiat currencies, the value of stablecoins doesn’t reflect the market’s growth. This gap is steering strategic investors to other crypto infrastructure projects that capture the rising on-chain activity. A striking example is the growing traffic to the Best Wallet Token ($BEST) presale, which just broke the $16.3M milestone and is touted as the next crypto to explode. What’s Driving Stablecoin Adoption Stablecoin market dynamics have changed rapidly over the last few years. For example, Tether’s $USDT market share dominance has shrunk from 86% in June 2020 to 58.5% in October 2025. Meanwhile, Circle’s $USDC has spiked from 7% to nearly 25% in the same timeframe. Stablecoin market share, source: DeFillama But that’s not the most interesting part. The Tether-Circle stablecoin duopoly is starting to wane as more issuers emerge. There are multiple catalysts behind the shift. Governments are taking initiatives to clear the ambiguity surrounding stablecoins. Notably, Donald Trump signed the GENIUS Act into law on July 18, 2025, creating a friendly regulatory framework for stablecoins in the US. The clarity encourages new players – both issuers and users – to step into the market with confidence. And it’s not just banks and large institutions exploring their own stablecoins. High yields motivate crypto exchanges and fintech platforms to launch their own stablecoins as well. That’s because they earn close to nothing from deposits held in top stablecoins, as Tether and Circle have long kept the large returns from their reserve assets to themselves. Stablecoin exchange balances, source: DeFillama ‘If…
Filed under: News - @ October 7, 2025 12:27 pm