【Express | Stablecoin Total Market Cap Surpasses $280 Billion, Setting New Historical High】

According to the latest statistics from DefiLlama, the total market cap of global stablecoins has surpassed $280 billion for the first time, currently reaching $280.4 billion, setting a new historical peak record. This data reflects that stablecoins are continuously gaining favor and trust from investors in an environment of increased market volatility.

Since last year, the stablecoin market has shown an accelerated expansion trend. On one hand, mainstream currencies such as USDT and USDC continue to see increased issuance; on the other hand, emerging compliant stablecoins are gradually entering the market, jointly driving the overall market cap upward. Industry analysts point out that stablecoins have become a key infrastructure connecting traditional financial markets and the cryptocurrency ecosystem, and their growth in scale also indicates that liquidity and activity in the crypto market are entering a new phase.

With more institutional investors participating and applications such as cross-border payments becoming a reality, stablecoins may continue to maintain their growth momentum. However, changes in regulatory policies and compliance risks remain key variables for the future development of the market.