#Stablecoin Market Cap Hits New High#
Hot Topic Overview
Overview
The stablecoin market has continued to heat up recently, 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 it recently issued over 71 million coins on the Ethereum chain. The market capitalization of stablecoins on the Solana chain also exceeded $10 billion, hitting a new all-time high, with a growth rate of 69.36% in the past 7 days. Notably, Circle has issued a cumulative 2.5 billion USDC on the Solana chain in the past 4 days, indicating that the application of stablecoins on different blockchains is continuously expanding.
Ace Hot Topic Analysis
Analysis
The stablecoin market cap has continued to rise recently, hitting a new all-time high. According to the latest data, the total market cap of stablecoins has surpassed $210 billion, reaching $212.91 billion, up 3.02% in the past week. Among them, USDC's market cap has been particularly strong, reaching $508.63 billion, an increase of 11.23% in the past 7 days. It is worth noting that the market cap of stablecoins on the Solana chain has also broken through $10 billion, reaching $101.83 billion, a new all-time high, with a 69.36% increase in the past 7 days. This is mainly due to Circle's active issuance of USDC on the Solana chain. Since the launch of TRUMP, Circle has issued a total of 2.5 billion USDC on the Solana chain within 4 days. In addition, USDC Treasury has issued over 71 million USDC on the Ethereum chain in the past two hours, which has further boosted the growth of USDC's market cap. The continued growth of the stablecoin market cap reflects the increasing demand for stablecoins in the market, as well as the increasing recognition of stablecoins as a safe haven asset among investors.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Stablecoin market continues to grow, with total market cap exceeding $210 billion, a new all-time high.
USDC market cap grows rapidly, up 11.23% in the past 7 days, becoming a major force in the stablecoin market.
Solana on-chain stablecoin market cap grows strongly, exceeding $10 billion, with a 69.36% increase in the past 7 days.
USDC issuance on Solana has increased significantly, indicating its expanding applications across different blockchains.