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Retail Interest in Stablecoins and Market Capitalization at #ATH
Retail interest in stablecoins jumped from 37 to 100 in just two months, reaching an all-time high, according to Google Trends.
The total market value of stablecoins has also reached a record high of over $265 billion, mainly driven by the clarity of U.S. regulations and the increasing institutional demand.
The last time interest in searches peaked was during the Terra crash and the decoupling of UST in May 2022. At that time, the market value fell from $186 billion to less than $160 billion in less than a week.
Today, both metrics not only returned but also reached their records, reflecting the strong demand for stable assets.