The market for stablecoins has experienced a remarkable surge, reaching an all-time high market capitalization of $314 billion, driven by an increasing interest from institutional investors. According to a report from Canaccord, this growth reflects a competitive landscape where numerous institutions are vying to enter the stablecoin market, highlighting the rising demand for these digital assets as a stable alternative to traditional cryptocurrencies. As more companies and financial institutions recognize the potential of stablecoins for facilitating transactions, hedging against market volatility, and improving liquidity, the race among them to establish a prominent presence in this burgeoning sector is intensifying.
source: https://www.coindesk.com/markets/2025/10/16/stablecoins-surge-to-record-usd314b-market-cap-as-institutional-race-heats-up-canaccord