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Stablecoin market reaches record height-regulation drives demand!
With $ 294.56 billion, the StableCoin market reaches a record high, driven by new regulations and growing demand.
Stablecoin market reaches record height-regulation drives demand!
On Wednesday, September 24th, the StableCoin market reached a historic high of $ 294.56 billion, as reported by Defillama. The drivers of this growth are primarily favorable regulatory conditions and the entry-level genius law. This law regulates the emission of stablecoins and has significantly increased the demand from traditional institutions.
The market leader Tether’s Usdt remains dominant with a market capitalization of $ 173 billion, which makes up 58.7% of the overall market. Circle’s USDC has established itself as the fastest growth favorite and reaches a market capitalization of $ 14.4 billion. Circle's course rose by impressive 120%on the first trading day after the IPO. Tether also plans a private placement to achieve an assessment of $ 500 million and strives to generate $ 15 to 20 million in new capital.
Regulatory developments in focus
The regulatory efforts extend beyond the United States. In the EU, the mica regulatory framework made significant progress to regulate stablecoins. On September 18, the bank of Italy in particular demanded clarity about cross -border stable coins, which underlines the international dimension of the discussion.
Several governments worldwide are working on creating stable coins in their own national currencies. In this context, the concern about the dominance of USD-denominated stable coins in the rapidly developing stable coin economy is getting louder and motivates additional regulatory measures.
- Stablecoin-Marktentwicklungen:
- Tether’s USDT: 173 Milliarden USD (58,7% Marktanteil)
- Circle’s USDC: 14,4 Milliarden USD
- Gesamtmarkt: 294,56 Milliarden USD
The developments in StableCoin economy therefore seem to show a clear trend towards more regulation and institutional acceptance. The demand for stablecoins is growing, which gives both investors and regulatory authorities for discussion and action.
These trends show that demand and growth in the StableCoin economy are probably still determined by the regulatory framework conditions that are promoted at both national and international level.
https://crypto.news/stablecoin-owe-market-cap-to-regulatory-tailwinds/