Global stablecoin supply hits record high, with Tether (USDT) and USD Coin (USDC) dominating the market. According to a Bloomberg report based on DefiLlama data, the stablecoin market capitalization has increased by 46% this year to about $191.6 billion.

- Tether, the world's largest stablecoin issuer, has seen USDT reach about $133 billion, accounting for 69% of the market.

- USDC, issued by Circle, has increased to $39.5 billion, accounting for 21% of the market.

Optimism about stablecoins is growing, especially in cross-border transactions. Tether has completed its first crude oil transaction from the Middle East. 🌍

The UK government plans to build a legal framework for crypto by 2025, giving hope to investors. 📈