#Stablecoin Market Cap Hits New High#
Hot Topic Overview
Overview
The stablecoin market remains hot, with its total market capitalization exceeding $210 billion, setting a new all-time high. Among them, USDC's market capitalization increased by 11.23% in the past week, and recently issued over 71 million coins on the Ethereum chain. The stablecoin market cap on the Solana chain also broke through $10 billion, setting a new all-time high, with a growth rate 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, indicating that the application and development of stablecoins on different blockchains are accelerating.
Ace Hot Topic Analysis
Analysis
The market capitalization of stablecoins has continued to rise recently, hitting a new all-time high. Data shows that the total market cap of stablecoins has exceeded $210 billion, with USDC's market cap increasing by 11.23% in the past week to reach $508.63 billion, and its market share continues to rise. The market capitalization of stablecoins on the Solana chain has also exceeded $10 billion, reaching $101.83 billion, with a 69.36% increase in the past 7 days. This is mainly due to the rapid issuance of USDC on the Solana chain. Circle has issued a total of 2.5 billion USDC on the Solana chain in the past four days. In addition, USDC Treasury recently issued over 71 million USDC on the Ethereum chain, which also boosted the market capitalization of stablecoins. The continued growth in the market cap of stablecoins reflects the increasing demand for stablecoins in the market and the growing confidence of investors in stablecoins.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Stablecoin market cap continues to grow, hitting a new all-time high
USDC market cap grows significantly, market share increases
Solana on-chain stablecoin market cap grows rapidly
Stablecoin issuance increases, for example USDC issuance on Solana