Institutional Stablecoin Usage Surges to $584.5 Million in March
Global stablecoin settlement volumes tripled in March to $584.5 million, according to SquareFi data. This growth is attributed to regulatory clarity and rising institutional adoption, with Tether (USDT) dominating 62% of the volume. The TRON blockchain leads in settlement activity, while regulatory challenges remain a barrier to broader adoption.
Topics: crypto payments institutional adoption market data regulatory developments stablecoins