The Rise of Stablecoins: Market Cap Hits $200B as DeFi Yields Drive Adoption 📈🪙; Mercado Libre and Nubank Battle is Reshaping Latin American Banking 🥊🏦

FinTech is Eating the World, 11 December

Hey Everyone,

Good morning & happy Thursday! Today’s issue is really hot as we’re going to look into the rise of stablecoins, which just hit a market capitalization of $200 billion (key drivers pushing this, why it matters & what’s next + some bonus reads on crypto & stables inside), and Mercado Libre & Nubank whose battle is reshaping LatAm’s banking landscape (holistic recap of what’s happening, why it matters & what’s next + bonus deep dives into the latest financials of NU & MercadoLibre and why you should be super bullish on both of them). Let’s just jump straight into the fascinating stuff 🌶️

The Rise of Stablecoins: Market Cap Hits $200B as DeFi Yields Drive Adoption 📈🪙

Image credit: Foreign Policy

Following the money 💸 The stablecoin market has just achieved a significant milestone, with its total market capitalization surpassing $200 billion for the first time ever.

This represents a remarkable 13% increase over the past month, driven by increased crypto trading activity, growing adoption in developing markets, and attractive yields in decentralized finance (DeFi) platforms. Not too shabby! 👏

Let’s take a quick look at this, see why it matters, and what’s next.