STABLECOIN MARKET CAP HITS NEW ALL-TIME HIGH, BEATING EARLY 2022 RECORD

Summary from the TLDR Crypto newsletter

This past weekend, the total market cap of stablecoins (excluding algorithmic stablecoins) hit its all-time high at $168.1 billion. This surpassed the previous high from March 2022, and is a $40 billion increase from October 2022 lows. Analysts see this metric as a signal that there is growing confidence and interest in the market from institutional investors.