The stablecoin market has witnessed significant growth, reaching a new peak of over $150 billion, marking an increase of $20 billion since January. Tether, a leading player in the stablecoin space, has further expanded its Bitcoin reserves, now holding over $5.1 billion worth of the asset. This quarter, Tether minted an additional 1 billion USDT, contributing to a total of 6 billion USDT minted in the past month. The USDC stablecoin also saw a notable expansion, increasing its supply by 22%, more than any other major global stablecoin, with $250M USDC minted at the USDC Treasury on Solana. Moreover, the Solana blockchain experienced a substantial influx of stablecoins, with its supply breaking $3 billion and an inflow of over $150 million in stablecoins in the last 24 hours alone. Circle launched a USDC Grant Program to fund projects utilizing USDC for addressing real-world issues. Additionally, the cumulative supply of the top three dollar-pegged stablecoins - USDT, USDC, DAI - has reached its highest level since May 2022, indicating a reassurance of stability for Bitcoin bulls. Tether's Bitcoin reserve is now nearly $3 billion up, and Solana's stablecoin supply has surged 55% in just 3 months, with Circle's USDC holding a 73% market share. The stablecoin transfer volume on Solana has also skyrocketed 64% to $1.4 trillion.