According to ME News, on April 9th (UTC+8), data from CoinFoundry showed:
- USDT market capitalization: US$196.36 billion
- USDC market capitalization: $77.47 billion
- DAI's market capitalization: $5.23 billion
- USDS market capitalization: $2.81 billion
- EURC's market capitalization: US$12.29 billion
- USDe's market capitalization: $2.81 billion
- USD1 market capitalization: $1.39 billion
- PYUSD market capitalization: $3.99 billion
Market Dynamics:
- The FDIC has approved a major regulatory framework for stablecoins and tokenized deposits, specifying a 1:1 full backing requirement for reserve assets.
- GENIUS Act Passes: Wall Street Banks Rush to Develop Stablecoins; Bank of America CEO Warns $6 Trillion in Deposits May Flow to Stablecoins
- Six major Swiss banks, in conjunction with UBS, are testing a Swiss franc stablecoin sandbox to explore blockchain application scenarios.
- Institutional report: 77% of enterprise stablecoin users primarily use it for supplier payments, resulting in cost savings of over 10%.
Summarize:
- The total market capitalization of stablecoins today is $322.686 billion, up $129 million in the last 24 hours. Influenced by the FDIC's approval of the prudential regulatory framework, the formal implementation of the GENIUS Act, and the launch of the Swiss franc stablecoin sandbox by the six major Swiss banks, stablecoins as a whole maintained a 7-day increase of +0.28%. The competitive landscape is becoming more diversified, with 77% of enterprise users primarily using it for supplier payments (saving over 10% in costs), and 54% of Fortune 500 indices are evaluating entry. Institutional adoption is moving from pilot programs to large-scale adoption. Overall, stablecoins are evolving from crypto assets into digital payment infrastructure, showing a steady expansion trend unaffected by short-term price fluctuations. (Source: ME)
