Stablecoin Market Is Shining! 🚀

- The global stablecoin market hit a new record with a market capitalization soaring 46% this year, reaching $191.6 billion. Who would have thought, Tether (USDT) and USD Coin (USDC) are the main stars!

- Tether, the stablecoin giant, controls 69% of the market with USDT circulation reaching $133 billion. Meanwhile, USDC from Circle is also not to be outdone, skyrocketing to $39.5 billion, holding a 21% market share.

- After the TerraUSD drama in 2022, stablecoins have risen from the slump and have now reached almost $170 billion in August.

- On the other hand, pro-crypto President-elect Donald Trump has also lifted the market's spirits, sending Bitcoin soaring past $99,000!

- The UK is also joining in with plans for crypto regulation in 2025. Get ready, stablecoins will be increasingly relevant in global trade!

What do you think? Let's discuss in the comments column!