#Stablecoin Market Cap Hits New High#
Hot Topic Overview
Overview
The stablecoin market has been on fire recently, with its total market capitalization exceeding $210 billion, setting a new all-time high. Among them, USDC's market capitalization has grown by 11.23% in the past week, and it has recently issued over 71 million coins on the Ethereum chain. The market capitalization of stablecoins on the Solana chain has also surpassed $10 billion, a new all-time high, with a 7-day growth rate of 69.36%. Notably, Circle has issued 2.5 billion USDC on the Solana chain, indicating that the application of stablecoins on different blockchains is continuously expanding.
Ace Hot Topic Analysis
Analysis
Stablecoin market capitalization continues to climb, hitting a new high recently. Data shows that the market cap of stablecoins on the Solana chain has surpassed $10 billion, reaching $10.183 billion, a historical high, with an increase of 69.36% over the past 7 days. At the same time, the total market capitalization of stablecoins has also surpassed $210 billion, reaching $212.991 billion, continuing to hit a new high, with a growth of 3.02% over the past week. Among them, USDC's market cap reached $50.863 billion, with a growth of 11.23% over the past 7 days. Its issuance speed is also quite astonishing. Circle has issued a total of 2.5 billion USDC on the Solana chain in 4 days, and has issued over 71 million USDC on the Ethereum chain in the past two hours alone. This shows that the stablecoin market is developing rapidly, and investors' demand for stablecoins is increasing. As one of the leading stablecoins, USDC's market cap and issuance speed reflect its strong momentum in the market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Stablecoin total market cap continues to grow and has broken historical highs.
USDC market cap is growing rapidly and has become a major force in the stablecoin market.
Solana on-chain stablecoin market cap has grown significantly, demonstrating its importance in the DeFi ecosystem.
Stablecoin issuers are actively increasing issuance to meet market demand.