#Stablecoin Market Cap Hits New High#
Hot Topic Overview
Overview
The stablecoin market has shown strong performance recently, with its total market cap exceeding $210 billion, a new all-time high. Among them, USDC's market cap increased by 11.23% in the past week and recently minted over 71 million coins on the Ethereum chain. The stablecoin market cap on the Solana chain also exceeded $10 billion, a new all-time high, with a 69.36% increase in the past 7 days. Notably, Circle minted 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 stablecoin market has shown strong growth recently, with its total market cap exceeding $210 billion, a new historical high. Among them, USDC's market cap increased by 11.23% in the past week, reaching $508.63 billion, and its market share also increased accordingly. Notably, the market cap of stablecoins on the Solana chain also exceeded $10 billion, reaching $101.83 billion, with a 69.36% increase in the past 7 days. This shows that stablecoins are very active in application and development on different blockchains. The issuance of USDC also reflects the growing demand for stablecoins in the market. Circle's issuance on the Solana chain further demonstrates its strategy of actively expanding into new markets and grabbing market share. Overall, the stablecoin market is currently in a stage of rapid development, and its importance in the cryptocurrency market is becoming increasingly prominent.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Stablecoin market continues to grow, with total market capitalization exceeding $210 billion, a new all-time high.
USDC market cap grows rapidly, up 11.23% in the past 7 days, with market share continuing to rise.
Solana's on-chain stablecoin market capitalization has surpassed $10 billion, indicating rapid growth of the Solana ecosystem.
Stablecoin issuers are actively increasing issuance, such as Circle's issuance of 2.5 billion USDC on the Solana chain to meet market demand.