Capitalization of stablecoins exceeded $ 250 billion

The total capitalization of the stabilcoins market exceeded $ 250 billion. At the moment, this figure is $ 251.4 billion, of which about $ 245 billion are tokens tied to the US dollar, according to Coinmarketcap, reports RBC Crypto.

Stebblecoins are cryptocurrency tokens, the course of which is tied to any asset, for example, to the dollar, euro or ounce of gold. The company uses securities, national currencies or other crypto assets as ensuring the course of the course to the basic asset of the company.

Leader – USDT from a capitalization of more than $ 153 billion. In second place by the USDC from Circle USDC, worth $ 60.9 billion, in the third – Ethena USDE (USDE) with $ 5.5 billion capitalization.

“The intersection of a $ 250 billion mark is marked by a turning point. Stebblecoins are no longer experimental, they are necessary, ”said The Block, CEO of Kronos Research Hang Huang.

According to him, the stabilcoin sector is ready for rapid growth. By 2026, this market may double, the expert believes.

The key factor in the growth of market capitalization of stablecoins is called clarity in the regulation that the Genius Act (Guiling and Establing National Innovation for US StableCoins Act) is called in the United States. A document aimed at creating a legal framework for cryptocurrencies tied to the dollar was recently adopted by the US Senate.

The document obliges the issuers to fully provide tokens to the reserves in dollars and short -term treasury bonds, publish data on reserves and take an audit. After the final adoption of Genius, analysts expect a multiple growth in the capitalization of stablecoins. According to Standard Chartered, the indicator can reach $ 2 trillion by the end of 2028.

Following the approval of Genius in the United States on May 21 in Hong Kong, a bill on stablecoins was also adopted, which establishes a licensing regime for issuers of fiat stablecoins who want to work in the region.

According to Juang, in the light of current events, the position of the issuers of stablecoins on the market can now change quickly. New players, such as USD1, supported by US President Donald Trump, and stabilcoins issued by banks, can be replaced by USDT and USDC, the expert believes.

The introduction of clarity in regulation allowed large players of the traditional financial market to engage in their own projects of stablecoins. It is reported that the largest US banks, including JPMorgan, Bank of America, Citigroup and Wells Fargo, are discussing the possibility of releasing joint stablecoin.

USD1, the issuer of which is the project of the Trump family (World Liberty Financial, WLF), was launched in mid -April. Its capitalization has since reached $ 2.17 billion, it has already occupied fifth place in this indicator in the CoinmarketCap rating.

At the same time, journalists note that USD1 is moving in the world with interested American politicians in parallel with official visits to other countries. Democrats in the US Senate require an investigation of a possible conflict of interests, assuming that we can talk about trading access to the Trump administration. The White House is not recognized as conflict.

In mid -May, the Bank of Russia updated the requirements for digital assets that can be represented in the country. A number of criteria that must comply with such assets, including the lack of communication with securities issued by unfriendly issuers, excludes the entry of such USDT and USDC tokens on the Russian market.

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