According to ME News, on December 18th (UTC+8), data from CoinFoundry showed:
- USDT market capitalization: US$199.03 billion
- USDC market capitalization: US$77.9 billion
- USDS market capitalization: $11.22 billion
- USDe market capitalization: $6.52 billion
- PYUSD Market Cap: $3.91 billion
- USD1 Market Cap: $2.76 billion
Market Dynamics
- Coinbase has launched Coinbase Custom Stablecoins, allowing businesses to create 1:1 collateralized branded stablecoins, custodied by Coinbase, supporting cross-chain interoperability and a rewards mechanism, and integrated with Coinbase's global distribution network.
- Grayscale's report states that 2026 marks the dawn of an institutional era, driven by clearer regulations, stablecoin infrastructure, and tokenized credit markets, as institutions build on-chain balance sheets.
- Senator Tim Scott discussed ZK proofs, smart regulation, and decentralized derivatives trading, praising its leadership in stablecoin legislation and its role in advancing market structure legislation.
Summarize:
The stablecoin market as a whole maintained stable development. Although the total market capitalization declined slightly, the market remained calm and showed strong resilience. (Source: ME)
