Editor's PiCK
"Stablecoin Market Cap Up 17%... Surpasses $228 Billion Thanks to Regulatory Clarity"
Summary
- It was reported that the market capitalization of the "stablecoin" market increased by 17% from the beginning of the year, surpassing $228 billion.
- It was analyzed that increased trading demand, the expansion of payment use cases, and regulatory certainty in the U.S. have all contributed to the market.
- In particular, the clarity of legislation and interpretation regarding stablecoins during the Trump administration was identified as a key factor in market growth.
The stablecoin market has been on a growth trend this year. With increased trading volume and improved regulatory clarity, the market capitalization (market cap) has reached an all-time high, according to analysis.
On the 12th (local time), on-chain analytics firm CryptoQuant announced via X (formerly Twitter) that "the stablecoin market cap increased by $33 billion since the beginning of the year, reaching $228 billion." The growth rate of the stablecoin market cap over the same period is 17%.
CryptoQuant added, "In the market, not only increased trading demand but also the expansion of payment use cases and greater regulatory certainty in the U.S. have all played a role." They pointed to clearer legislation and interpretation regarding stablecoins during the Trump administration as a key background.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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