The stablecoin market has experienced significant growth, with the market capitalization of USD Coin ($USDC) surpassing $60 billion for the first time. This milestone reflects a 100% year-over-year increase in supply, which has reached an all-time high of $60.2 billion. Ethereum leads the stablecoin market with over $36 billion in supply, followed by Solana and other networks. The total stablecoin market cap now exceeds $230 billion, indicating deeper liquidity and rising demand across the Web3 ecosystem. Additionally, the stablecoin supply has surged to $214 billion, marking a 64% increase over the past year. Institutional interest in stablecoins is growing, as evidenced by World Liberty Financial entering the market and Fidelity testing its own stablecoin. Monthly transfer volumes for stablecoins have also more than doubled, rising from $1.9 trillion in February 2024 to $4.1 trillion in February 2025.