温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/46697.html
点击访问原文链接

Stablecoin market changes: USDC market share doubles, newcomer USDe emerges | Bee Network

进入原网站 导航首页
Stablecoin market changes: USDC market share doubles, newcomer USDe emerges | Bee Network Login Trending News Meme Launchpad AI Agents DeSci TopChainExplorer For Newbee 100x Coins Bee Game Essential Websites Must-Have APP Crypto Celebrities DePIN Rookies Essential Trap Detector Basic Tools Advanced Websites Exchanges NFT Tools Hi, Sign out Web3 Universe Games DApp Bee Hive Growing Platform AD Search English Recharge Coins Login Download Web3 Uni Games DApp Bee Hive AD home•Analysis•Main text Stablecoin market changes: USDC market share doubles, newcomer USDe emergesAnalysis12mos agoUpdateWyatt 39,1121 12 Original title: The State of Stablecoins 2025: Supply, Adoption Market Trends

Original author: Artemis, Dune

Original translation: Yuliya, PANews

Stablecoins are reshaping the global financial system at an unprecedented pace. According to the 2025 State of Stablecoins report jointly released by Dune and Artemis, the stablecoin market has seen significant growth in the past year, with accelerated institutional adoption, the rise of decentralized stablecoins, and continued growth in on-chain transaction activity.

Market size and growth trends

As of February 2025, the supply of stablecoins has reached $214 billion, with an annual transaction volume of $35 trillion, twice the size of Visas annual transaction volume. Market activity has also risen, with the number of active addresses on the chain increasing by 53% to over 30 million. Institutional funds are flowing in on a large scale, driving the deep integration of traditional finance (TradFi) and the crypto market.

The changing dominance of USDC and USDT Driven by the compliance process and market strategies, USDC and USDT still dominate, but there are subtle changes in market share.

USDCs market value doubled to $56 billion, mainly due to regulatory approval from MiCA and DIFC, the addition of important strategic partners such as Stripe and MoneyGram, and rapid expansion in the global market.

USDT’s total market capitalization has grown to $146 billion, and it is still the largest stablecoin by market capitalization, but its market share has declined, institutional adoption has declined, and its focus has gradually shifted to the P2P remittance market, consolidating its position in the global payment field.

The rise of decentralized stablecoins In the decentralized finance (DeFi) ecosystem, the influence of decentralized stablecoins has increased significantly, and many emerging projects have achieved breakthrough growth.

USDe (Ethena Labs): Its market value has skyrocketed from $146 million to $6.2 billion, becoming the third largest stablecoin in the market. The key to its growth lies in its innovative yield strategy and delta-neutral hedging mechanism.

USDS (MakerDAO): MakerDAO rebranded as Sky and launched the compliance-friendly USDS, with a market value of $2.6 billion in February 2025. This adjustment enhanced its competitiveness in the decentralized stablecoin market.

Capital Flow and Industry Distribution

The flow trend of stablecoins reflects the positioning and competitiveness of different public chains in the market:

Ethereum remains the main stablecoin issuance platform, accounting for 55% of the supply share. Base and Solana have grown rapidly in terms of transaction volume. Driven by the DeFi and Meme coin markets, they have become important on-chain ecosystems for the circulation of stablecoin funds. TRON continues to occupy a core position in the global P2P payment and cross-border remittance markets, especially in emerging markets, where stablecoins are widely used for payment and savings.

Most stablecoin liquidity is concentrated on centralized trading platforms (CEX), and trading volume is mainly driven by DeFi (DEX, lending, and yield mining), reflecting the efficient circulation and innovation of funds.

Core role and future development

Stablecoins have become a key infrastructure in the crypto market, while also driving innovation in the traditional financial sector. Industry experts are optimistic about the future development of stablecoins:

“Stablecoins are the lifeblood of the crypto market and a super conductor of the financial system. They open up new markets and financial opportunities and drive innovation that was otherwise out of reach.” — Rob Hadick, general partner at Dragonfly

“Stablecoins have significant advantages in cross-border payments. I hope Base will support more local currency stablecoins, allowing global users to trade on the chain with familiar currencies and increase the popularity of blockchain technology.” – Neodaoist, Product Manager of Base

“The new generation of stablecoins must have market resilience. At its core, USDe is a yield-backed stability mechanism that ensures users have access to a reliable alternative to the U.S. dollar.” — Conor Ryder, head of research at Ethena Labs

“The flow of stablecoins depends on the quality of infrastructure – low cost, fast transactions, and market demand. In Solana, Meme coin transactions have extremely high requirements for liquidity and instant settlement, making stablecoins an indispensable part.” – Andrew Hong, founder and data analyst at Herd

“TRON has become the blockchain of choice for stablecoin transactions, with billions of dollars in daily transactions. USDT has driven real economic activity on TRON, especially in emerging markets, where it has become a key tool for payments and savings.” – Sam Elfarra, spokesperson for the TRON DAO community

Original link

This article is sourced from the internet: Stablecoin market changes: USDC market share doubles, newcomer USDe emerges

Related: Data review of Ethereums darkest moment: $380 million in contracts liquidated, pledges continue to flow out, and inflati Original author: PANews, Frank On February 3, the crypto market ushered in another dark moment, and the entire crypto market ushered in a sharp drop in a short period of time. Within 24 hours, the number of people whose cryptocurrency positions were liquidated on the entire network reached 720,000, with a total amount of US$2.21 billion (due to incomplete data statistics, Bybit CEO Ben Zhou speculated that the real data may reach US$8 to 10 billion), of which US$1.87 billion was liquidated on long orders and US$340 million was liquidated on short orders. Ethereum was particularly eye-catching in this round of plunge, and it once plunged 25% on the same day, setting the largest single-day drop in nearly four years (since May 2021). In addition, the total liquidation amount of…

# Analysis# crypto# defi# ethereum# Market# Meme Coin# Tool© Copyright NoticeThe copyright of the article belongs to the author, please do not reprint without permission. Pre 24H Hot Coins and News | Trump once again promised not to sell Bitcoin confiscated by the United States; US SEC said PoW Next Trump signed an executive order on the strategic reserve of Bitcoin. Why did the market plummet? Related articles Web3 Lawyers’ In-Depth Policy Analysis | New Regulations for Hong Kong Virtual Asset Trading Platforms (Part 1): The Circular Regarding the Sharing of Liquidity among Virtual Asset Trading Platforms 6086cf14eb90bc67ca4fc62b 17,068 1 ERC8004: This Web3+AI narrative can make you enjoy a hot takeout meal. 6086cf14eb90bc67ca4fc62b 16,075 Technical Analysis Report on the LuBian Mining Pool Hacking and the Theft of a Huge Amount of Bitcoin 6086cf14eb90bc67ca4fc62b 19,118 Inflection Point of a Decade-Long Debate: Will Ethereum End the “Impossible Trinity” Controversy? 6086cf14eb90bc67ca4fc62b 9,605 1 BNB Chain’s journey to immortality, with both high market capitalization and on-chain popularity 6086cf14eb90bc67ca4fc62b 19,692 BTC and ETH forward volatility surges as traders prepare for election results admin 55,029 33 1 comments You must be logged in to leave a comment! Login immediately #BeelieverTYRDVMI Guest I was scammed on Coinyee in a Bitcoin investment totaling over $500k. However, I was able to recover my funds with the help of  www.BsbForensic.com They are one of the rare and trustworthy services out there.

11mos ago Bee.com The world's largest Web3 portal Partners CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors Download Bee Network APP and start the web3 journey White Paper Roles FAQ © 2021—2026. All Rights Reserved. Privacy Policy | Terms of Services Download Bee Network APP and start the web3 journey The world's largest Web3 portal Partners CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors White Paper Roles FAQ © 2021—2026. All Rights Reserved. Privacy Policy | Terms of Services Search SearchInSiteOnChainSocialNews Hot to you: Airdrop Hunters Data Analysis Crypto Celebrities Trap Detector English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский English

智能索引记录