Stablecoin market tops $310B as Tether brings USDT back to Bitcoin and Circle launches cirBTC
- —Stablecoin market cap tops $310B, up $1B+ in under 72 hours
- —USDC gained $881M over 90 days, the largest among major stablecoins
- —Tether brings USDT back to the Bitcoin network via Utexo partnership
- —Circle launches cirBTC, a 1:1 wrapped BTC token for lending and settlement
Why it matters: Growing stablecoin liquidity and new channels like cirBTC could strengthen Bitcoin and DeFi demand in Q4.
Source: AMBCrypto