Stablecoins Hit $200 Billion—Does This Signal A Massive Crypto Rally?

For the past few months, stablecoins have yielded the spotlight to their more speculative counterparts, including tokens inspired by politicians. However, recent on-chain data suggests that stablecoins are back and have surpassed the $200 billion market cap. According to the data shared by Alphractal, the segment’s capitalization has surged to $211 billion, a record high,…