The stablecoin market has achieved a new milestone, reaching a record market capitalization of approximately $307 billion. Tether (USDT) continues to lead the sector with a circulation between $181 billion and $182 billion. This surge in stablecoin liquidity is often seen as a precursor to heightened trading activity, potentially indicating upcoming market momentum. Meanwhile, Plasma (XPL), a Layer-1 network designed for stablecoin payments, is showing signs of recovery. Trading between $0.40 and $0.42, XPL is approaching a critical level at $0.4178. Analysts highlight a resistance at $0.45 and support between $0.36 and $0.40, suggesting that a breakout could propel XPL towards $1.60, while a breakdown might continue its recent downward trend.