Degen

The stablecoin market has just crossed a historic threshold, reaching a total value of more than $200 billion. This growth is mainly dominated by USDT Tether, which accounts for $142.9 billion in circulating assets.

Other notable stablecoins are also contributing to this market expansion, including USDe at $6 billion, DAI at $4.5 billion, and FDUSD at $1.9 billion.
This exceptional growth is largely explained by the massive influx of traditional investors into the cryptocurrency world, especially since the launch of Bitcoin ETFs in the US. Stablecoins, which facilitate an easy transition from traditional currencies to digital currencies, naturally benefit from this enthusiasm. The upcoming implementation of the MiCA regulation in Europe, scheduled for December 30, 2024, will redefine the landscape of stablecoins.