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Stablecoins Hit Record $230B Market Cap
Current Market Cap: Stablecoins have reached an all-time high of $231.156 billion, marking a 0.86% increase in the last week (source: DefiLlama).
Top Players:
USDT dominates with 62.36% market share, valued at $144.14 billion.
USDC follows at $59.64 billion.
USDe holds $5.389 billion.
US House Committee Advances Stablecoin Regulation Bill
✅ A new stablecoin regulation bill has advanced in the US House Financial Services Committee, scheduled for further consideration on April 2, 2025.
✅ The bill has bipartisan support, seen as a priority by President Donald Trump, aiming to strengthen the US dollar’s global dominance through regulated stablecoins.
✅ White House AI & Crypto Czar David Sacks emphasized that stablecoins can support US treasuries and help manage national debt.
The GENIUS Act & Its Impact
Passed by: The Senate Banking Committee on March 13, after revisions.
Focus Areas:
Enforcing a 1:1 USD peg for stablecoins.
Implementing AML (Anti-Money Laundering) measures.
Providing a clear regulatory framework for stablecoin issuers.
Opposition & Concerns
Critics like Elizabeth Warren and Maxine Waters argue the bill lacks consumer protection provisions.
Further revisions could be considered before or after the April 2 vote.
Market Sentiment
The broader crypto market cap stands at $2.7 trillion.
Bitcoin trades around $84K.
Ethereum remains under $2,000.
The Crypto Fear & Greed Index is at 27 (Fear), showing cautious investor sentiment.
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