🚀Stablecoin market cap hits a 2-year high of $161B in May 2

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🚀Stablecoin market cap hits a 2-year high of $161B in May 2024! 🎉 Tether (USDT) leads the pack with a record $111B cap, taking 69.3% of the market. 📈Other winners include Athena USDe, up by 11.6% to $2.61B, and BlackRock’s tokenized fund BUIDL, up 19.6% to $448M. 🔄USDC's market share by trading volume increased for the second month to 8.27%, thanks to increased demand and on-chain trading activity on Base and Solana. 🔍Despite regulatory uncertainty and potential delisting of USDT pairs due to MiCA regulations, the stablecoin market is bouncing back. 🌐On the CBDC front, US House blocks Federal Reserve from issuing CBDCs, Brazil's DREX pilot delayed to 2025, and Nigeria's e-Naira adoption remains slow. What's your take on the stablecoin market's performance? Share your thoughts below! 👇 #Stablecoin #CryptoNews #DeFi

🚀Stablecoin market cap hits a 2-year high of $161B in May 2024! 🎉 Tether (USDT) leads the pack with a record $111B cap, taking 69.3% of the market. 
📈Other winners include Athena USDe, up by 11.6% to $2.61B, and BlackRock’s tokenized fund BUIDL, up 19.6% to $448M. 
🔄USDC's market share by trading volume increased for the second month to 8.27%, thanks to increased demand and on-chain trading activity on Base and Solana. 
🔍Despite regulatory uncertainty and potential delisting of USDT pairs due to MiCA regulations, the stablecoin market is bouncing back. 
🌐On the CBDC front, US House blocks Federal Reserve from issuing CBDCs, Brazil's DREX pilot delayed to 2025, and Nigeria's e-Naira adoption remains slow. 
What's your take on the stablecoin market's performance? Share your thoughts below! 👇 #Stablecoin #CryptoNews #DeFi