#Stablecoin Google Searches Hit All-Time High Amid Parabolic Market Growth
Google search interest for #stablecoins reached record levels this month following regulatory breakthroughs.
The previous peak was in May 2022 during the Terra USTC collapse and Luna ecosystem crash.
This recent surge occurred after the #GENIUS Act became law on July 18, providing regulatory clarity.
Total stablecoin market cap hit a record $272 billion, representing 7% of the total crypto market cap.
Around 98% of stablecoins are pegged to the U.S. dollar, with #Tether commanding 60% market share.
Institutions are increasingly launching their own tokenized fiat equivalents for treasury purposes.
Analysts view stablecoins as the product that could onboard the first billion people on-chain through cross border payments and volatility hedging.