#Stablecoin Market Cap Hits New High#

The stablecoin market continues to be hot, with market capitalization steadily rising. According to the latest data, the total market capitalization of stablecoins has surpassed $210 billion, hitting a new all-time high, and grew by 3.02% in the past week. Among them, the market capitalization of USDC has been particularly eye-catching, increasing by 11.23% in the past 7 days, currently reaching $508.63 billion. Notably, the market capitalization of stablecoins on the Solana chain also broke through $10 billion, reaching $101.83 billion, setting a new historical high, and increasing by a remarkable 69.36% in the past 7 days. This demonstrates the growing importance of stablecoins in the cryptocurrency market, with their application scenarios becoming increasingly diverse. USDC Treasury's recent issuance of over 71 million USDC on the Ethereum chain also reflects the continuous growth in market demand for stablecoins. Despite a slight decrease in USDT's market share, the overall stablecoin market maintains a robust growth trend, making its future development highly anticipated.