Stablecoins Hit $310B Market Cap with 70% YoY Growth, Eyes $20T by 2028

COINOTAG News, citing Cointelegraph, notes that the stablecoin market capitalization has surpassed $310 billion, signaling a clear milestone and a robust year-over-year expansion of about 70%. The uptrend underscores structural shifts in the global digital asset landscape rather than a speculative bubble, as stablecoins gain traction across diverse use cases.

The drivers fueling this ascent include broad global adoption in payments, rising institutional demand, and robust DeFi development, which together push stablecoins from mere transactional tools toward a durable digital cash layer that underpins e-commerce and inter-company settlements.

Forecasts from multiple models suggest the stablecoin supply could reach around $20 trillion by 2028 as large financial institutions embed them in inter-enterprise payments, embedded finance, and cross-border commerce, signaling a coordinated shift in capital markets rather than a speculative surge.