According to ME News, on February 11th (UTC+8), data from CoinFoundry showed:
- USDT market capitalization: US$195.73 billion
- USDC market capitalization: $74.87 billion
- EURC's market capitalization: $12.26 billion
- USDS market capitalization: $11.2 billion
- USDe's market capitalization: $6.49 billion
- PYUSD market capitalization: $3.89 billion
- USD1 market capitalization: $5.42 billion
Market Dynamics:
- The White House convened a closed-door meeting with top bank executives and cryptocurrency issuers (Circle, Fidelity, Tether) to focus on Section 404 of the Clarity Act.
- Fidelity's FIDD assets are rapidly expanding, with Finovate Europe becoming a focal point.
- The SEC and CFTC have launched joint enforcement guidelines for "Project Crypto".
- In the past 24 hours, approximately $1.5 billion of offshore USDT was converted to regulated USA₮ brand.
Summarize:
Market signals from February 10th to 11th, 2026, reflect that stablecoins are no longer merely "accessories" of the crypto market, but are redefining the foundation of global liquidity through their deep integration with the US debt market. Although the White House meeting still sees disagreements on "interest rate allocation," "compliance" remains an irreversible final outcome. (Source: ME)
