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Stablecoin Market Cap Hits $321.28 Billion as USDT and USDC Dominate

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USDT
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USDC
$0.9999-0.01%
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PYUSD
$0.99960.01%
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USD1
$0.9994-0.02%
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BTC
$88,041.90-0.18%
Stablecoin market cap hit $321.28 billion as of December 19 (UTC+8), per MetaEra. Tether (USDT) led with $198.94 billion, followed by USDC at $77.71 billion. Other major stablecoins include USDC ($11.21 billion), USDe ($6.49 billion), PYUSD ($3.91 billion), and USD1 ($2.77 billion). SoFi Bank launched SoFiUSD, a fully backed stablecoin for fintech settlements. The FDIC proposed a regulatory framework for stablecoin issuance. Circle integrated USDC with Intuit and launched USDCx on Stacks. Market performance remains strong amid ongoing institutional and regulatory developments.
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