Decentralized finance (DeFi) has seen a significant surge in stablecoin transaction volume, reaching a record $700 billion per month. This volume is approaching Visa's annual payment processing figure of $12.3 trillion. Notably, Tether's USDT accounts for $500 billion of this monthly total, while Tron and Ethereum contribute $314 billion and $247 billion, respectively. The growing adoption of stablecoins is projected to capture 10% of the $2.1 trillion payments market opportunity. Additionally, the total market cap for stablecoins has reached an all-time high of $191 billion, surpassing levels seen before the Terra crash. The overall cryptocurrency trading volume also hit a record high of $10 trillion last month, reflecting a renewed interest in the crypto market.