#Stablecoin Market Cap Hits New High#
Hot Topic Overview
Overview
The stablecoin market continues to heat up, with its total market cap exceeding $210 billion, a new all-time high. USDC's market cap grew 11.23% in the past week to $508.63 billion, and its minting speed is also very impressive, with 71 million coins minted in the past two hours alone. The market cap of stablecoins on the Solana chain also hit a record high of over $10 billion, up 69.36% in the past 7 days. This shows that stablecoins are playing an increasingly important role in the cryptocurrency market, and their applications are becoming more widespread.
Ace Hot Topic Analysis
Analysis
The stablecoin market capitalization has been steadily climbing recently, hitting an all-time high. Data shows that the total market capitalization of stablecoins has surpassed $210 billion, reaching $212.91 billion, a 3.02% increase over the past week. Among them, the market capitalization of USDC is particularly impressive, reaching $508.63 billion, a 11.23% increase over the past 7 days. Notably, the market capitalization of stablecoins on the Solana chain has also exceeded $10 billion, reaching $101.83 billion, setting a new record high, with a 69.36% increase over the past 7 days. USDC Treasury recently issued over 71 million USDC on the Ethereum chain, while Circle has issued a cumulative 2.5 billion USDC on the Solana chain in 4 days since the launch of TRUMP. These issuance activities indicate strong demand in the stablecoin market and increasing investor confidence in stablecoins. As an important part of the cryptocurrency market, the rising market capitalization of stablecoins also reflects the increasing recognition of the cryptocurrency market by investors.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Stablecoin market cap continues to grow and hit an all-time high.
USDC market cap grew rapidly, increasing by 11.23% in the past week.
Stablecoin market cap on Solana chain grew rapidly, increasing by 69.36% in the past 7 days.
Stablecoin issuers are actively increasing the issuance of stablecoins to meet market demand.