Quick Facts:
1️⃣ Venture capital firm a16z reveals stablecoin trends in a new report, strengthening long-term conviction in the broader crypto market.
2️⃣ The growing transaction volume and market cap signal that the market’s expansion is unstoppable, should crypto infrastructure keep up with rising adoption.
3️⃣ The report is good news for the emerging Best Wallet Token, its presale pushing closer to the $17M milestone.
Stablecoins are now a global macroeconomic force, announces a16z in its new State of Crypto report, shedding light on the sector’s rapid growth and what it means for the broader market.
The claim is backed by strong numbers:
Over 1% of all US dollars in circulation exist on public blockchains as tokenized stablecoins. Together, they hold more than $150B in US Treasuries, leaving countries like Saudi Arabia and Germany behind to secure the 17th ranking.
Although the crypto market is wobbly after BTC hit a new ATH earlier this month, that hasn’t tainted its long-term picture.
The recent turbulence may have managed to knock BTC off $110K, but stablecoin trends signal that the market’s maturing – and price corrections are part of the deal.
For context, the stablecoin market cap has crossed $300B for the first time ever, as the transaction volume jumps 106% in a year to touch $46T.
To grasp how staggering that figure is, we just need to compare it with the world’s largest payment networks.
Stablecoin volume is now nearly three times Visa’s volume ($16T) and set to overtake ACH Network ($87T), the same a16z report showed.
Several Catalysts Have Come Together
While stablecoins were limited to crypto nerds in their early days, they’re now seen as one of the most reliable ways to transfer money cross-border. Ease of use is definitely the primary factor behind their wide use.
For this, we have advancing blockchain infrastructure to thank, with some networks capable of processing more than 3400 transactions per second.
Murky crypto regulations held back stablecoin adoption for a long time, but crypto regulations like the GENIUS Act have changed that in the US. And the shift is visible across the world.
For example, the UK is preparing to introduce a stablecoin framework by the end of 2026.
Financial giants and fintech companies have also been actively exploring the digital asset market, encouraging others to follow.
For crypto investors, the newly published report is a reminder to expand their portfolios. But being mostly pegged to US dollars, the value of stablecoins reflects the growth of the US economy – not the crypto market.
So how can one gain exposure to this booming sector? The answer lies in promising crypto infrastructure projects, which reflect the market’s rapid growth.
That explains why strategic investors are stocking up on Best Wallet Token for early-bird prices this month, pushing its presale past $16.6M.
Why Best Wallet Token Is the Project to Watch Now
Unless blockchain infrastructure evolves alongside rising retail and institutional crypto adoption, sustaining growth will be difficult.
The market needs secure wallets, exchanges, and networks to bring more crypto users on board.
Noncustodial wallets, in particular, are growing more popular than ever. Since holders have complete control over their private keys, they allow true ownership – in line with the market’s original motto of financial freedom without intermediaries.
With hundreds of thousands of users and glowing reviews on both App Store and Play Store, Best Wallet has emerged as a top trending noncustodial crypto wallet this year.
What’s behind this growing frenzy?
- The platform is secured with Fireblocks MPC tech, offering advanced security without compromising user experience.
- Being multichain, the wallet is flexible and allows users to switch assets between top blockchains like Ethereum, Bitcoin, Polygon, and BNB Chain. 50 more network integrations are on the way.
- The Best ecosystem is not limited to its crypto storage solution. It also offers features such as cross-chain swaps and presale access that give it a strong edge against market leaders like MetaMask.
For example, the platform plans to launch an everyday crypto shopping card in its next phase, as part of its mission to drive retail crypto adoption.
As the native crypto of a trending crypto ecosystem in a fertile niche, Best Wallet Token ($BEST) positions itself as a top crypto to buy now.
