Gate News bot reports that stablecoin issuers led by Tether generated nearly $10 billion in revenue, with Tether earning $6.56 billion, Circle earning $1.89 billion, Sky Protocol earning $384 million, and Ethena earning $332 million. This growth has strengthened the blockchain ecosystem, driving liquidity and Decentralized Finance (DeFi) activities.
Due to active trading and favorable regulations in the United States, the market capitalization of stablecoins has reached $228 billion. Tether USDt (USDT) maintains a stable price of $1.00, with a market capitalization of $158 billion and a 24-hour trading volume of $84 billion. Research indicates that stablecoins will continue to grow due to the popularity of Decentralized Finance and related supportive regulations.
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