Canaccord: Stablecoin market cap hits record $314B, strengthens crypto infrastructure

The stablecoin market is expanding rapidly, with its total market capitalization surpassing an all-time high of $314 billion, according to a recent report from global investment bank Canaccord Genuity. The bank projected that while stablecoins have no direct link to Bitcoin, they will act as a catalyst for broader cryptocurrency adoption and the expansion of the digital economy, thereby strengthening its infrastructure. The report added that regulatory clarity for stablecoins is improving, particularly in the U.S., which increases the medium-term possibility of them becoming a foundational monetary layer for the internet. Canaccord Genuity concluded that despite intensifying competition, the market has significant growth potential through 2026, driven by an influx of new users and expanding use cases, CoinDesk reported.