According to ME News, on February 13th (UTC+8), data from CoinFoundry showed:
- USDT market capitalization: $197.16 billion
- USDC market capitalization: $74.96 billion
- EURC's market capitalization: $12.27 billion
- USDS market capitalization: $11.28 billion
- USDe market capitalization: $6.43 billion
- PYUSD Market Cap: $3.94 billion
- USD1 Market Cap: $5.42 billion
Market Dynamics:
- The Hong Kong Securities and Futures Commission (SFC) has allowed BTC/ETH to be used as margin collateral.
- The White House stablecoin meeting has reached a stalemate: the banking sector is strongly opposing "interest rate allocation."
- BlackRock explores direct on-chain transactions between the BUIDL Fund and Uniswap.
Summarize:
Stablecoins are directly entering the margin and settlement businesses of traditional finance through Hong Kong's licensed structure and asset management channels of giants like Fidelity. Short-term volatility is limited, and in the medium to long term (due to regulatory implementation, institutional participation, and RWA), their strength remains robust. (Source: ME)
