Bull market continues, stablecoins keep opening floodgates

Bitcoin prices remain elevated, and stablecoin market demand continues to expand. In the centralized stablecoin market, the total issuance of USDT across various chains has exceeded $40 billion, and USDC's market cap has also surpassed $10 billion. From a market share perspective, USDT remains firmly in the dominant position. Looking solely at stablecoins issued on Ethereum, USDT still ranks first with $22.4 billion; USDC follows closely with a total of $10.1 billion. Since the beginning of this year, the growth rate of total stablecoins is almost in line with the price increases of Bitcoin and Ethereum.