#Stablecoin Market Cap Hits New High#
Hot Topic Overview
Overview
The stablecoin market continues to heat up, with its total market capitalization exceeding $210 billion, a new all-time high. Among them, the market capitalization of USDC has increased by 11.23% in the past week, and recently more than 71 million USDC have been issued on the Ethereum chain. The market capitalization of stablecoins on the Solana chain also exceeded $10 billion, a new high, with an increase of 69.36% in the past 7 days. Notably, Circle has issued 2.5 billion USDC on the Solana chain in the past 4 days. Overall, the stablecoin market is performing strongly, with its market capitalization continuing to grow, reflecting investors' continued demand for stablecoins.
Ace Hot Topic Analysis
Analysis
Stablecoin market cap continues to climb, hitting a new all-time high recently. Data shows that the total market cap of stablecoins has surpassed $210 billion, with USDC's market cap increasing by 11.23% over the past week to reach $508.63 billion. The market cap of stablecoins on the Solana chain also exceeded $10 billion, reaching $101.83 billion, with a 69.36% increase over the past seven days. This growth trend is mainly driven by the issuance of USDC. Circle has issued a total of 2.5 billion USDC on the Solana chain in the past four days, while USDC Treasury has issued over 71 million USDC on the Ethereum chain. Despite USDT's market share declining, the overall market cap of stablecoins continues to grow, reflecting the market's continued demand for stablecoins and investors' recognition of stablecoins as safe-haven assets.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Stablecoin market cap continues to grow, reflecting investor confidence and demand in the cryptocurrency market
USDC has become the main driver of the stablecoin market growth, with its market share steadily increasing
Solana's on-chain stablecoin market cap is growing rapidly, demonstrating its importance in the DeFi ecosystem
Total stablecoin market cap has surpassed $210 billion, hitting a new all-time high, indicating the increasingly important role of stablecoins in the cryptocurrency market