ME News: December 19 (UTC+8), according to CoinFound data:
USDT Market Cap: 1989.4 billion USD
USDC Market Cap: 777.1 billion USD
USDC Market Cap: 112.1 billion USD
USDe Market Cap: 64.9 billion USD
PYUSD Market Cap: 39.1 billion USD
USD1 Market Cap: 27.7 billion USD
Market Dynamics
SoFi Bank issues fully reserved USD stablecoin SoFiUSD for bank/Fintech settlements, regulatory compliant, 24/7 instant settlements, soon available to users
FDIC proposal GENIUS Act stablecoin issuance application process, for bank subsidiaries to issue payment stablecoins, establishing review/appeals process
Circle partners with Intuit, USDC embedded in Intuit platform
Circle USDCx launched on Stacks, Bitcoin L2 gains Tier1 stablecoin
Summary:
The overall stablecoin market is robust, transitioning from payment tools to banking infrastructure, with future regulatory developments and the entry of banks potentially catalyzing a larger market scale.
