BNY Mellon, the oldest bank in the U.S., is expanding its services in partnership with Circle to facilitate transactions using the USD Coin ($USDC). This collaboration marks a significant step toward the integration of stablecoins into traditional finance. The stablecoin market has recently seen a notable increase, with a total market cap reaching approximately $229 billion, up $4.23 billion over the past two weeks. Tether ($USDT) continues to dominate the market with a 62.76% share, while USD Coin has gained traction, reflecting a growing interest from banks in stablecoin offerings. The overall stablecoin supply has increased by 10.9% since January, indicating a robust countercyclical strength amidst a declining broader crypto market. This trend suggests that stablecoins are becoming an essential component of the financial landscape, enhancing the dollar's global influence and providing a new standard of transparency for regulatory bodies.