The global stablecoin market has surged to $23 billion, with Hedera Hashgraph (HBAR) emerging as a potential leader in this space. The stablecoin market on Hedera recently reached an unprecedented peak, surpassing $113.76 million in total value. Over the past week, HBAR Network's stablecoin sector experienced a remarkable 38.58% increase in market capitalization, sparking speculation about a potential collaboration between Circle (the issuer of USDC) and Hedera Network.
As one of the most widely used MiCA-compliant stablecoins, USD Coin (USDC) is poised to expand its cross-border utility. Recent social media interactions between the HBAR Foundation and USDC have fueled rumors of a joint venture to develop a crypto-based alternative to PayPal. While neither party has confirmed these claims, the speculation highlights Hedera's growing influence in the stablecoin ecosystem.
Hedera's Stablecoin Market Growth
Hedera's decentralized exchanges (DEXs) report approximately $7 million in daily trading volume, with a total value locked (TVL) of $192 million on its mainnet, according to DefiLlama. The stablecoin market on Hedera, illustrated in turquoise in the chart above, has shown significant growth since late March 2025.
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Can HBAR Price Reach a New All-Time High?
Hedera's native token, HBAR, recently saw a 10% price increase, bringing it close to reclaiming the $0.20 mark—a key resistance level observed over the past 30 days. To achieve a new all-time high, HBAR would need to overcome a 65.9% gap from its current price. Sustained high trading volumes could propel HBAR toward the next major resistance zone above $0.30.
Key Indicators Supporting Bullish Momentum
- Chaikin Money Flow (CMF): This indicator, reflecting large holder activity, has trended upward since April 21, 2025, signaling strong buying pressure.
- Bollinger Bands (BOLL): HBAR recently breached the upper Bollinger Band at $0.1944, entering bullish territory on a monthly scale. This breakout suggests potential upward movement toward the $0.30 resistance level.
Potential Challenges
- Geopolitical Uncertainty: Global economic instability, including potential tariff escalations, could negatively impact cross-border altcoins like HBAR.
Why This Matters
With the implementation of MiCA stablecoin regulations, Hedera’s advanced distributed ledger technology could position it as a dominant player in the stablecoin market. This growth may subsequently enhance the value of HBAR, attracting further investment and adoption.
FAQ Section
1. What is driving USDC's growth on Hedera?
The increasing adoption of MiCA-compliant stablecoins and potential partnerships, such as with Circle, are key factors.
2. How does Hedera's technology benefit stablecoins?
Hedera's high-speed, low-cost transactions and scalable infrastructure make it an ideal platform for stablecoin transactions.
3. What are the risks for HBAR investors?
Market volatility and geopolitical factors could pose short-term risks, though long-term prospects remain strong.
4. How does USDC compare to other stablecoins on Hedera?
USDC is among the most compliant and widely used stablecoins, offering stability and regulatory clarity.
5. What indicators suggest HBAR's price could rise?
The CMF and Bollinger Bands indicate strong buying momentum and potential breakout opportunities.
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