Stablecoins have already gained a certain level of acceptance within the cryptocurrency market. However, upon the election of Donald Trump as president, this “apparent” acceptance transitioned into full-blown regulations. Any talk of a Central Bank Digital Currency that could have weaponized blockchain to create a centralized economy was pushed aside, giving way for stablecoins to prosper.
This shift in perception caused major changes to key data points. The stablecoin market cap stood at approximately 202 billion dollars by the end of 2024, marking a 64.3% jump from the previous year. The same applies to growth in transaction volume, which rose from $750 billion to over $4 trillion.
What spurred this growth? The answer is simple: a mix of risk-averse sentiment and a desire to engage with blockchain assets that have an underlying stable core, which stablecoins provide.
Beyond the Volume: Digital Wallets Getting More Traction
It is not only the transaction volume that’s exciting. What also matters is that stablecoins are now stored in over 100 million digital wallets. With monthly active users upwards of 25 million, the growth of these wallets represents a trend: investors are now seeking ways to gain control of their asset security instead of relying on exchange wallets.
MetaMask and TrustWallet are getting a lot of attention, with Straits Research showing that the crypto wallet market has also grown past the $12.6 billion level. And in 2025, the growth will likely surpass the $19 billion mark.
The growth isn’t limited to digital wallets, as hardware wallets have seen similar traction. Projections say that the hardware wallet market will grow to $2 billion by 2030.
What does it mean?
Users want to take a more active role and no longer wish to rely on third parties for the security of their assets.
Now, how does the growth of stablecoins translate to the growth of crypto wallets?
The focus is simple. More demand for stablecoins means investors seek more stable assets to interact with the cryptocurrency market. And to store these stable assets, they need a sense of security. That sense of security is best provided by digital wallets that give users complete control of their assets.
The Rise of Hardware Wallets: Higher Security Becomes More Accessible
There was a time when beginners stuck with digital wallets, while hardware wallets were the domain of experts. However, times have changed, especially following several key events.
First, there was the FTX collapse of 2022, which shattered people’s trust in centralized exchanges. Then came KuCoin’s settlement with the US Department of Justice, which forced the exchange to leave the country. More recently, Bybit had to grapple with a serious hacking incident.
All of these issues have led people to consider one thing: “Protection is only possible if my assets are within my own control.”
This shift in mindset has fueled growth in the hardware wallet sector. Ledger achieved double-digit growth. Trezor took steps to make its user experience more beginner-friendly.
All of these hardware solutions are secure, but new users want more. That’s why options like D’CENT Wallet have emerged with unique and practical solutions.
With D’CENT, users gain access to a structured approach to Web3 participation. It acts as a guide for new users, serving as more than just a wallet to secure assets. It functions as a digital support tool that helps users make better investment decisions.
Helping Users Decide What to Do with Assets: D’CENT’s New Mantra
D’CENT has always been at the forefront of introducing security-based innovations and has made consistent efforts to strengthen the ecosystem. However, this time, its updates focus on something even more valuable: decision-making.
What should users do with a particular asset? Is it the right time to act? One wouldn’t typically expect a hardware wallet to help answer these questions, but D’CENT does.
Beyond storage and transfer, which can be managed through the D’CENT mobile app, the latest additions introduce several unique features.
Investment Insights
With D’CENT, users gain access to investment insights. They can view trending tokens by checking the top-ranked assets on CoinGecko and CoinMarketCap to track market movements. Real-time insights are also available, allowing users to convert information into immediate action.
A major update includes an on-chain insight feature, which enables users to assess a token’s activity across multiple chains.
Another unique feature alerts users when major tokens enter the “Trend 7” zones. When this occurs, the app notifies users, giving them the opportunity to act on critical moments, such as short-term trading or entering a futures position.
Discovery Tools
D’CENT is carving out its niche as an all-in-one discovery tool. It allows users to explore decentralized applications, DeFi, NFTs, and DAOs with ease, all while earning rewards. Getting started is simple. It’s just a matter of connecting the wallet to a PC and interacting with unique Web3 services.
Enhancing the Core Functionality to Meet the Market’s Needs
The cryptocurrency market isn’t the same anymore. Many of its shortcomings have been exposed, and its opportunities must now be seized by all. As a result, wallets are undergoing their own revolution. They have evolved beyond mere storage solutions and now offer decision-making tools that challenge existing paradigms and tap into market flows.
The post Stablecoins Have Redefined Crypto Wallets – Here’s How appeared first on Cryptonews.
