- The market capitalization of the stable coins has reached $ 236 billion and thus exceeds that of Ethereum.
- At $ 143.3 billion, Tether has the lion’s share of the StableCoin market.
Apart from the rapid expansion of the crypto area, the StableCoin sector has recently shown a fascinating success. Loud Co ringecko The combined market capitalization of the stable coins is currently $ 236.56 billion. This number exceeds the market value of Ethereum, which is currently $ 226.3 billion.
This success shows that stable coins are increasingly gaining and used for many groups – both large institutions and private investors. With a contribution of $ 143.32 billion, more than half of the entire StableCoin market capitalization, Tether (USDT) focuses on this huge number.
Nevertheless, the US government debates various questions and rules, even if stable coins are expanding. How CNF reportedthe US House of Representatives has decided to abolish the IRS rules for Defi-Broker. This measure is intended to prevent more thorough data collection via decentralized financial platforms (DEFI).
In addition, there is constant discussion about stable coin rules, whereby the focus is on implementing the stable act and a stronger monitoring of international StableCoin emitters within the framework of the Genius Act.
Framework Ventures warns that US stable rules inhibit innovations
The leading venture financing company Framework Ventures, on the other hand, warns that the dominance of the US dollar undermines and that financial innovations could be pushed to the outside world by stable coin legislation in the USA. The genius law will probably exclude foreign stable coin issuers from the US treasure market, which limits the competition and possibly hinders the growth of digital financial system.
As part of the regulatory debate, there was also an important campaign from the United Arab Emirates. Stable coins worth $ 2 billion were recently created by the MGX investment group based in Abu Dhabi at Binance, the largest cryptocurrency exchange.
This investment is not only extensive, but also represents the first institutional financing of Binance. The step strengthens the strategic connection between Binance and the United Arab Emirates, which want to become a global center for digital assets.
Growing popularity of digital currencies for stability
The success of the expanding stablecoin industry is a sign of growing trust in the safety and stability of stable coins, especially with regard to everyday use.
Stable coins are linked to the value of Fiat currencies such as the US dollar and represent a more constant alternative to other cryptocurrencies, which sometimes have great fluctuations. This made it increasingly popular with users who are looking for a safer method to keep and move values.
Nevertheless, there are some risks that have to be taken into account. For example, strict regulations could have an impact on how stable coins are integrated into the global financial system.
In an already quite dynamic economy, unbalanced or protectionist control could affect creativity and competitiveness. The regulatory authorities should also create rules that promote financial innovation and at the same time protect the safety and stability of the system.
