The market capitalization of stablecoins has reached a historic milestone, surpassing $200 billion for the first time

This growth reflects the growing confidence of investors in stable digital currencies, which offer a safe and efficient alternative for transactions

Stablecoins have reached a historic milestone with a collective market capitalization surpassing $200 billion for the first time. This growth highlights the increasing investor confidence in stable digital currencies as a safe and efficient medium for transactions and protection against market volatility.

Among the major stablecoins, Tether (USDT) and USD Coin (USDC) continue to lead the market, being extensively utilized in value transfers, trading activities and international payments.

Collectively, the stablecoin market has experienced a 15th consecutive month of growth, with an increase of 5.51% in the last month alone, according to research data from CCData.

This growth is further reflected in the trading volume on centralized exchanges (CEX), where USDT dominates with an impressive 86.3% of transactions.

Meanwhile, Circle's USD Coin has also reached a significant milestone, surpassing $40 billion in market capitalization, marking its highest level since 2022.

In November, USDC also broke volume records, reaching $219 billion in trades. This growth is largely attributed to initiatives by payment giants like Stripe, Visa and Mastercard, which are integrating stablecoins into their platforms.

Interestingly, a new stablecoin has emerged from the虧損 BitMex CEO Arthur Hayes. This synthetic dollar, known as USDe, is backed by operations sold in the derivatives market.

Despite initial skepticism and being dubbed "TerraUSD 2.0" due to the high risk involved in the project's architecture, the USDe has managed to capture a substantial market share and continues to grow.

Its unique features have attracted the attention of both institutional investors and the crypto community, contributing to the growth of the USDe.

This performance has led the USDe to surpass established stablecoins like Dai and First Digital USD (FDUSD). According to data from Coingecko, the token, with a market capitalization of US$6 billion, now ranks third in the global stablecoin ranking.

The rapid rise of the USDe not only showcases Ethena's technological prowess but also highlights the increasing demand for versatile stablecoins in an ever-expanding market.

This achievement positions Ethena as one of the promising ventures to watch in the digital finance sector for 2025.

As stablecoins set a record market capitalization of $200 billion, experts anticipate a continued rise in their utilization. This growth is fueled by the mass adoption of decentralized solutions and the pursuit of efficient payment methods.

With their proven utility, stablecoins are poised to assume an even more pivotal role in the transition towards a more inclusive and digital financial system.