Ethereum (ETH-USD) layer-2 networks now hold over $13.5 billion in stablecoins, a new all-time high that signals growing interest in cryptocurrencies. As of December 20, this surge in stablecoin supply, according to data from Cointelegraph Markets Pro and Tie Terminal, contributes to the total stablecoin market cap, which recently crossed $205 billion. This marks a key milestone in the crypto space’s ongoing evolution.
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Stablecoins Cement Crypto’s Real-World Use Cases
Stablecoins are becoming one of the most significant use cases for cryptocurrency. As Matthias Seidl, co-founder of growthepie.xyz, tweeted on December 15, “One of crypto’s killer use-cases in this cycle are stablecoins.” Ethereum layer-2 networks, such as Arbitrum (ARB-USD) and Base, dominate this surge, locking in $6.75 billion and $3.56 billion, respectively.
Stablecoin Market Is Set for Expansion
With Tether (USDT-USD) and USD Coin (USDC-USD) continuing their dominance, the stablecoin market looks set for even greater expansion. Arthur Azizov, CEO of B2BINPAY, suggests that stablecoins could see explosive growth in 2025, boosted by regulations like the EU’s MiCA. The crypto space is witnessing a slow yet steady rise, making stablecoins a central player in its future.
