Stablecoin issuance has continued to rise over the past 90 days, with billions of dollars being added weekly, totaling around $250 billion, anchoring almost 8% of the global crypto market.
Tether (USDT) dominates the stablecoin market with over 66% share, followed by USDC and DAI. The demand for a reliable dollar peg is a key driver behind the surge in stablecoin supply.
Bitcoin and stablecoins collectively account for about 74% of the overall crypto market. Despite Bitcoin's price stabilization, there are indications that a potential altcoin season might emerge in the third quarter of 2025.
Analysts suggest that the sizeable stablecoin liquidity and prevailing uncertainty among retail and major players could pave the way for an impending altcoin rally. Investors are currently holding onto stablecoins awaiting clear market signals.