#Stablecoin Market Cap Hits New High#
Hot Topic Overview
Overview
The stablecoin market remains hot, with a total market cap exceeding $210 billion, a new historical high. Over the past week, the total market cap of stablecoins increased by 3.02%, with USDC standing out, reaching a market cap of $50.863 billion, up 11.23% over the past 7 days. USDC Treasury recently minted over 71 million USDC on the Ethereum chain, while Circle has issued 2.5 billion USDC on the Solana chain. The continued growth of stablecoins reflects the market's demand for stable assets, as well as investor confidence in the cryptocurrency market.
Ace Hot Topic Analysis
Analysis
The total market capitalization of stablecoins recently surpassed $210 billion, setting a new all-time high. It currently stands at $212.91 billion, up 3.02% in the past week. Notably, USDC's market capitalization has surged to $508.63 billion, recording an 11.23% increase over the past 7 days. This growth is primarily driven by Circle's issuance of 2.5 billion USDC on the Solana chain and the issuance of 71 million USDC on the Ethereum chain by USDC Treasury. Despite USDT's market share declining to 65.19%, the overall stablecoin market cap continues to rise, reflecting growing demand for stablecoins. This can be attributed to investors seeking safe-haven assets and the expanding applications of stablecoins in DeFi and payments.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Stablecoin total market cap continues to grow, breaking a new high of $210 billion.
USDC market cap grows rapidly, exceeding 11% growth in the past week, and its market share continues to rise.
Stablecoin issuance increases, USDC Treasury and Circle issue a large amount of USDC on Ethereum and Solana chains.
Active stablecoin market, driving the total cryptocurrency market cap up.