Overview

• Google Trends data shows the global search index for “stablecoins” climbed from 72.8 to 84.5 in the four weeks following July 18.
• Washington, D.C. recorded the highest local interest worldwide, with nearby Hyattsville and Arlington ranking second and third.
• The stablecoin market has exceeded $270 billion in capitalization, making up about 7 percent of the total cryptocurrency market.
• Dollar-pegged tokens dominate supply, led by Tether’s roughly 60 percent share of the stablecoin circulation.
• The GENIUS Act imposes reserve composition and daily attestation requirements as agencies move forward with formal stablecoin rulemaking.