Stablecoin total liquidity has surpassed $320.6 billion, but that's not the main point.


The key takeaway is that Q1 on-chain stablecoin trading volume hit $28 trillion, up 51% quarter-over-quarter. Stablecoins now account for 75% of all crypto trading volume.
Here's a cooler fact: 13% of institutions are already using stablecoins for settlement and B2B payments, with 54% planning to jump in within the next 12 months. After Circle went public, their quarterly revenue hit $694 million, a 20% year-over-year increase.
Whether Bitcoin dips or not is another story, but this pipeline of stablecoins is already replacing SWIFT.
You might think the backbone of the crypto market is the exchanges, but it's actually the stablecoins.
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