Stablecoin market cap hits new all-time high of $321B in April

The total market capitalization of stablecoins rose 1.6% in April to a new all-time high of $321 billion, CoinDesk reported. This marked the third consecutive month of growth for stablecoins, occurring while the broader cryptocurrency market moved sideways. Tether led the market with a capitalization of $190 billion, accounting for more than half of the total stablecoin supply.