According to ME News, on January 22 (UTC+8), data from CoinFoundry showed:
- USDT market capitalization: US$199.1 billion
- USDC market capitalization: $75.22 billion
- USDS market capitalization: $11.31 billion
- USDe market capitalization: $6.55 billion
- PYUSD Market Cap: $3.75 billion
- USD1 Market Cap: $3.34 billion
Market Dynamics:
- Paul Chan: Hong Kong is expected to issue its first batch of stablecoin licenses this year.
- Trump delivers speech in Davos: "I will make America the 'Global Crypto Capital'"
- Argentine exchange Ripio is betting on a local stablecoin, claiming the next decade will be the "era of stablecoins."
- Competition in stablecoin payments is heating up across the board, with Rain's nearly $2 billion valuation igniting the "payment stack war" for crypto cards.
- Citrea launches ctUSD, a stablecoin backed by Citrea government bonds, issued by MoonPay.
Summarize:
With the new US president's speech at the World Economic Forum (WEF) and the impending passage of key congressional legislation, stablecoins may be transforming from "fuel for cryptocurrencies" into "the backbone of global financial infrastructure." (Source: ME)
