Stablecoins have surged to an all-time high of $170 billion in circulation, with monthly settlement volumes tripling to $1.4 trillion. This explosive growth highlights their increasing importance in both the crypto ecosystem and traditional finance. Tether USDT/USD dominates with $120 billion in circulation, while Robinhood’s recent acquisition of Bitstamp signals its commitment to stablecoin integration. Emerging markets are driving adoption as young people seek stable stores of value, leading to significant growth in stablecoin wallets despite volatile crypto markets.