CCData has released its March 2024 edition of the "Stablecoins & CBDCs Report," providing a comprehensive analysis of the stablecoin and Central Bank Digital Currency (CBDC) sectors. The report offers valuable insights into market trends and performance metrics, aiding investors and policymakers in making informed decisions.
In February 2024, the stablecoin sector reached a significant milestone, with total market capitalization increasing by 4.24% to $147 billion. This marks the sixth consecutive month of growth, reaching the highest level since September 2022. However, despite this growth, the stablecoin market cap dominance dipped to 5.83% in March, the lowest since November 2021.
Source:CCData
Ethena's USDe experienced a remarkable 105% surge in market capitalization to $1.07 billion in March, making it the sixth-largest stablecoin by market cap. This growth followed the launch of its public mainnet and the initiation of its 'Shards' campaign, highlighting the dynamic nature of the stablecoin market.
USDT, a leading stablecoin, surpassed a significant milestone in March, with its market capitalization rising by 4.71% to $103 billion. This marks the first time a stablecoin has exceeded the $100 billion mark. The increase in USDT's market capitalization was attributed to increased demand from trading activities on centralized exchanges and decentralized applications, coinciding with Bitcoin reaching new all-time highs for the first time since May 2021.
Additionally, CCData highlighted a strategic shift within the stablecoin ecosystem. On February 21, Circle announced the discontinuation of USDC support on the Tron blockchain, with an immediate halt on token minting and a phased discontinuation of transfers to other blockchains scheduled through February 2025. At the time of the announcement, the supply of USDC on Tron was $190 million, representing 0.64% of the total market capitalization of USDC, which saw a 6.14% increase to $29.0 billion in March.
Ketua Federal Reserve mengatakan bahwa stablecoin pembayaran adalah uang, dan bahwa bank sentral harus berperan dalam menyetujui penerbitannya di AS. Seorang anggota Dewan Demokrat terdengar skeptis terhadap rancangan undang-undang saat ini untuk membuat kerangka kerja komprehensif untuk stablecoin.
TheBlockCircle, perusahaan di belakang stablecoin USDC yang populer, baru saja mendapat lampu hijau resmi untuk beroperasi di Singapura.
BitcoinistCircle telah mencetak Koin Dolar AS (UDSC) senilai ratusan juta dolar karena stablecoin terbesar kedua berdasarkan kapitalisasi pasar pulih dari depegging baru-baru ini dari dolar.
dailyhodl
Coinlive Perusahaan mengakhiri kesepakatan SPAC di mana ia akan menjadi perusahaan terbuka.
OthersKetua Federal Reserve Jerome Powell mengatakan bahwa stablecoin akan membutuhkan regulasi yang lebih besar karena semakin banyak digunakan oleh konsumen.
OthersPermintaan stablecoin terus meningkat karena bisnis mencari likuiditas on-chain untuk meningkatkan operasi mereka.
CointelegraphCircle dan CYBAVO berniat untuk lebih mempromosikan adopsi USD Coin dan aplikasi Web3 sambil mengintegrasikan teknologi secara mendalam ke dalam rangkaian produk inti mereka.
CointelegraphJesse Powell dari Kraken dikecam karena mendaftarkan LUNA generasi kedua;
CointelegraphDalam pemungutan suara 80–19 di Senat, anggota parlemen AS mengonfirmasi Jerome Powell sebagai ketua berikutnya dari Sistem Federal Reserve, di mana dia juga akan menjabat sebagai anggota dewan hingga 2028.
Cointelegraph