Stablecoin market capitalization hits all-time high... ”What does it mean for virtual currency funds to inflow?”

The total market capitalization of stablecoins has been on the rise for 11 consecutive months, hitting an all-time high. Cointelegraph reported on the 26th (local time) citing data from DefiLlama.
The total market capitalization of stablecoins rose for the 11th consecutive month to $168 billion, surpassing the last record high set in March 2022.
This data excludes algorithmic stablecoins, which are not pegged to fiat currency or external assets like gold and maintain their value through algorithmic mechanisms.
Stablecoins hit an all-time high of $167 billion in March 2022, then crashed, to $135 billion by the end of the year.
On the 26th, cryptocurrency analyst Patrick Scott said through X (formerly Twitter) that this was a sign that new funds were flowing into cryptocurrencies.
"We've reached a new all-time high. The total market capitalization of stablecoins, excluding algorithmic stablecoins, has now reached an all-time high," he said.
, surpassing its highest level before early 2022. New funds are flowing into virtual currencies."