Source: VanEckRelated: Circle considers IPO delay amid economic uncertainty — ReportStablecoins gain steamStablecoins collectively added nearly $10 billion in total market capitalization in March as multiple issuers, including VanEck, prepare to launch branded stablecoin products, it said. The inflows persisted despite a steep drop in average stablecoin yields, the asset manager noted. Stablecoin yields now range from around 3% to 5% — near or slightly below Treasury Bills — compared to as high as 10% at the start of the year, it said. Even so, issuance of tokenized Treasury Bills — a primary source of institutional stablecoin yield — increased 26% from February to March, surpassing $5 billion in total issuance, according to the report.
The diminished activity on smart contract platforms reflects cooling market sentiment in cryptocurrencies and beyond as traders brace for the impact of US President Donald Trump’s sweeping tariff policies and a looming trade war. But stablecoin adoption — a key measure of Web3’s overall health — continues apace.
Source: VanEckThis relative decline partly reflects a slowdown in memecoin trading, which still dominates Solana DEX activity. The segment has suffered since February after a series of memecoin-related scandals soured sentiment among retail traders. On Feb.14, Libra, a memecoin seemingly endorsed by Argentine President Javier Milei, erased some $4.4 billion in market capitalization within hours of launching.
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Author / Journalist: Cointelegraph by Alex O’Donnell
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