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A new wave is shaking the crypto world, and this time, it's not about traditional currencies but the massive surge of stablecoins!
In recent months, the market value of stablecoins has surpassed $202 billion, with Tether (USDT) leading the charge at $135 billion in market cap, maintaining its dominance.
Other stablecoins are also on the rise! USD Coin (USDC) has seen a 12.1% increase, while Ethena’s USDe recorded an astonishing 42.2% growth.
This growth is not just limited to crypto traders—banks and financial institutions are now embracing stablecoins. As a result, stablecoins are not only being used for trading but are also being seen as a secure financial asset and a hedge against volatility.
But will this growth continue?
Despite the rise in market value, stablecoin trading volume has dropped by 8.35% to $795 billion. A major reason is the MiCA regulation in Europe, which has imposed stricter rules on crypto markets.
Will these new regulations slow down the rise of stablecoins, or are they destined to become the future of digital finance? Share your thoughts in the comments!
#Stablecoin # Crypto #USDT # Blockchain #DigitalCurrency
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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