ME News report, May 26 (UTC+8), according to CoinFound data (market cap across chains):
- Ethereum, $179.614 billion
- TRON, $89.477 billion
- Solana, $16.034 billion
- Arbitrum, $6.748 billion
- BNB Chain, $2.656 billion
Market dynamics:
- Tether partners with Georgia to launch the national currency stablecoin GEL₮
- Tether's USDT has added approximately $5 billion in circulation over the past month, while competing stablecoins such as USDC, PYUSD, and USDe have collectively shrunk by about $4.2 billion.
- Taiwan plans to launch its first locally regulated stablecoin by the end of 2026.
Summary:
Stablecoins are increasingly evolving toward becoming "national-level payment infrastructure," rather than merely serving as cryptocurrency transaction mediums. The market is showing a trend of "centralization among leading players," with smaller stablecoins gradually being marginalized. Major global financial markets are entering a "regulated stablecoin competition."(Source: CoinFound)
