#Stablecoin Market Cap Hits New High#

The stablecoin market has been on fire recently, with its market cap continuing to rise. According to the latest data, the total market cap of stablecoins has surpassed $210 billion, hitting an all-time high and increasing by 3.02% over the past week. Among them, USDC's market cap performance is particularly eye-catching, with an 11.23% increase over the past 7 days, reaching $508.63 billion. Notably, the market cap of stablecoins on the Solana chain has also broken through $10 billion, reaching $101.83 billion, setting a new record and experiencing a staggering 69.36% growth over the past 7 days. This indicates that the stablecoin market is rapidly developing, with an increasing number of users choosing to use stablecoins for trading and investment. USDC Treasury's recent issuance of over 71 million USDC on the Ethereum chain also reflects the growing demand for stablecoins in the market. Overall, the stablecoin market is looking bright, with the potential for continued rapid growth in the future.