Stablecoin market capitalization reached an all-time high in April amid strong performance across cryptocurrency sectors, CoinDesk Data said in a report released Friday (May 2).After growing by 2.12% in April and seeing 19 consecutive months of gains, the stablecoin market cap reached $238 billion, according to the report.This growth was outpaced by that of other cryptocurrency sectors in April, however, so the market share held by stablecoins declined from 8.64% in March to 7.88% in April, the report said.The market cap of non-USD fiat stablecoins leaped 30% in April to reach $533 million. The report attributed the surge in demand to the volatility of the U.S. dollar that has been seen during the current U.S. tariff disputes.“As confidence in the dollar wavers, demand for non-USD fiat stablecoins has accelerated,” the report said. “In addition, gold-backed stablecoins have also gained traction as investors seek alternative stores of value, buoyed by the precious metal reaching new all-time highs in April.”Highlighting trends seen during April among the top 10 stablecoins, the report said the market cap of Tether (USDT) rose 2.26% to $148 billion, the market cap of USD Coin (USDC) rose 3.07% to reach its all-time high of $62.1 billion, and the market cap of First Digital Labs’ FDUSD dropped 46.2% to $1.25 billion after the stablecoin’s price lost its parity on April 2.Stablecoins are quietly becoming financial infrastructure, PYMNTS reported April 30.For example, in late April, Mastercard partnered with OKX and Nuvei to foster broader adoption of stablecoins, and Kraken introduced a solution to help financial institutions give clients access to crypto.In addition, the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act has emerged as a beacon of hope for crypto firms seeking clarity

Sleek tech is turbocharging the B2B space. And slow wires and clunky payment systems going the way of the fax machine couldn’t be happening at a better time for businesses. The global financial ecosystem is in flux, driven by a confluence of high-stakes innovation and mounting geopolitical tensions around trade tariffs. But B2B FinTech innovation [] The post This Week in B2B: Rewiring Legacy Payment Rails With Stablecoins and Automation appeared first on PYMNTS.com.