crypto.news 2025-04-01 12:52:53

Ethena’s USDtb enters top 10 stablecoins by market cap amid March stablecoin shakeup: report

The stablecoin market has seen major shifts in March, with Ethena’s USDtb breaking into the top 10 stablecoins by market cap, Tether losing 61% of market dominance, and EURC’s market cap reaching a new all-time high. According to CoinDesk’s Stablecoins & CBDCs Report as of March 26, the market capitalization of USDtb, a synthetic stablecoin backed by BUIDL, surged 1,219% in March to $1.18 billion, making it the 8th largest stablecoin by market cap. Source: CoinDesk’s Stablecoins & CBDCs Report This rapid rise coincided with Ethena Labs’ launch of Converge EVM-compatible blockchain in partnership with Securitize, where USDtb stablecoin will serve as the primary currency for transaction fees. You might also like: Ethena and Securitize launch Converge, a blockchain for tokenized assets The report also highlighted several other noteworthy trends in the stablecoin sector. Tether ( USDT ) market dominance fell to 62.1%, the lowest since March 2023, as multiple exchanges delisted the stablecoin due to non-compliance with MiCA regulations. On the flip side, EURC ( EURC ), the euro-backed stablecoin issued by Circle, saw its market capitalization climb 29.5% to $147 million, setting a new all-time high and marking the third consecutive month of growth. This rise is largely driven by the delisting of non-MiCA-compliant stablecoins like USDT on European exchanges, prompting users and platforms to migrate to regulated alternatives like EURC. As a result, EURC now accounts for 45.6% of the total market capitalization of euro-denominated stablecoins. The overall stablecoin market expanded, with stablecoin market cap dominance increasing to 8.02%. Source: CoinDesk’s Stablecoins & CBDCs Report You might also like: Ex-Tether CEO teases new stablecoin to contend USDT dominance

La maggior parte ha letto le notizie

Bitcoin traders prepare for rally to $100K as...
2025-04-05
Alarming Revelation: OpenAI’s GPT-4 ‘Memoriza...
2025-04-05
ChainsLama: A Contemporary Gateway to Financi...
2025-04-05
Brazil’s top court authorizes crypto asset se...
2025-04-05
Landmark Recognition: U.S. Treasury Secretary...
2025-04-05
Delays in Approval Process Disrupt Pi Network...
2025-04-05
PayPal Adds Chainlink And Solana To Its US Cr...
2025-04-05
Top Meme Coins to Buy Month: Dragoin Dominate...
2025-04-05

Notizie correlate

Yuan Power Surge: Dalio Predicts US-China Trade Ta...
05 Apr 2025
Alarming Prediction: Kalshi Data Signals 62% Chanc...
05 Apr 2025
Bitcoin Shows Signs of Decoupling from Stocks and...
05 Apr 2025
CZ Advises Governments on Crypto Regulations and B...
05 Apr 2025
Shocking Bakkt Lawsuit: Investors Allege Securitie...
05 Apr 2025
ADA’s Path to $5—Will MAGACOINFINANCE Follow That...
05 Apr 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta