#Stablecoin Market Cap Hits New High#
Hot Topic Overview
Overview
The stablecoin market remains red-hot, with its total market cap exceeding $210 billion, a new all-time high. Over the past week, the total market capitalization of stablecoins grew by 3.02%, with USDC particularly prominent. Its market cap surged by 11.23% over the past 7 days, reaching $50.863 billion. USDC Treasury recently issued a significant amount of USDC on the Ethereum chain, while Circle also issued 2.5 billion USDC on the Solana chain, demonstrating the active response of stablecoin issuers to market demand. Although USDT's market share has slightly decreased, the overall stablecoin market remains robust, reflecting investors' continued preference for stablecoins.
Ace Hot Topic Analysis
Analysis
The stablecoin market has been performing strongly recently, with its total market capitalization exceeding $210 billion, setting a new all-time high. Over the past week, the total market capitalization of stablecoins grew by 3.02%, with USDC's market capitalization growth being particularly significant, increasing by 11.23% in the past seven days, reaching a current market capitalization of $508.63 billion. USDT's market share, however, has declined to 65.19%. USDC issuance has also been quite active, with Circle issuing 2.5 billion USDC on the Solana chain in the past four days, while USDC Treasury also issued 71 million USDC on the Ethereum chain. These issuance activities indicate that the demand for USDC in the market is continuously growing, and its attractiveness as a stablecoin is strengthening. The development trend of the stablecoin market suggests that investor demand for stablecoins is increasing, which may be due to investors seeking safe-haven assets and concerns about the volatility of the cryptocurrency market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Stablecoin total market cap continues to climb, breaking through $210 billion, setting a new record high.
USDC market cap grows rapidly, increasing by more than 11% over the past week, with market share steadily rising.
Stablecoin issuance increases, USDC Treasury and Circle respectively increase the issuance of a large amount of USDC on Ethereum and Solana chains.
The stablecoin market is active, USDT's market share has declined, but the overall market remains in a growth trend.