The soaring stablecoin market on Hedera Hashgraph (HBAR) has breached unprecedented levels, now topping $113.76 million. Overall, HBAR Network’s stablecoin section witnessed a 38.58% increase in market cap in 7 days, while crypto connoisseurs are gossiping about something brewing between USDC stablecoin’s parent company Circle and Hedera Network.
As one of the most popular MiCA-compliant stablecoins, USD Coin (USDC) is likely to increase its cross-border usage. With the recent HBAR Foundation’s friendly communication with USDC on X, tongues were wagging about HBAR Foundation joining forces with Circle to build a crypto competitor for PayPal. However, this isn’t confirmed by either parties.
With an approximate $7 million daily trading volume on Hedera’s decentralized exchanges (DEXs), the total value locked (TVL) on Hedera’s mainnet is $192 million, according to DefiLlama. Meanwhile, the Hedera-supported stablecoin market, depicted in turquoise in the chart above, saw magnificent growth since late March, 2025.
Can HBAR Price Produce A New All-Time Record?
With Friday’s 10% upswing, Hedera’s (HBAR) price is getting close to reclaiming $0.20, which is exactly the same as the highest 30-day point inked a month ago. Still having a 65.9% distance to cover in order to achieve a new all-time peak, HBAR price could restore the major resistance area above $0.30 next if the high trading volumes persist.
Moreover, another great indicator to assess this are the Chaikin Money Flow (CMF) and Bollinger Bands (BOLL), two key on-chain indicators. The CMF index describes the current large holder buying or selling trend strength, and has been steadily up since April 21, 2025.
Fortunately, the Bollinger Bands (BOLL) also strengthened the bullish thesis on Hedera (HBAR). In the chart above, we can see that HBAR just broke through the red-label Bollinger Band of $0.1944 and is now even in the green yet on monthly terms. Ultimately, that signifies potential to the previously mentioned major resistance band of $0.30.
On The Flipside
- Quickly-shifting geopolitical landscape, including the uncertainty of global tariff escalation, could majorly impact the popular cross-border altcoin’s price.
Why This Matters
As MiCA stablecoin regulations kick in, Hedera’s unique distributed ledger technology could expand into a full-fledged stablecoin market, boosting the native coin’s market value along the way.
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