Based on MetaEra, as of December 29 (UTC+8), CoinFound data shows the total stablecoin market cap at $319.75 billion. USDT leads with $199.08 billion, followed by USDC at $76.1 billion. Notably, PYUSD recorded a large wallet transfer of $810 million, involving Ethena Labs and Copper Custody, suggesting potential strategic fund allocation between DeFi protocols and institutional custodians. The stablecoin market remains stable with no significant volatility.
Stablecoin Market Cap Reaches $319.75 Billion as PYUSD Shows Large Institutional Transfers
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Summary
Stablecoin market news shows a total cap of $319.75 billion as of December 29 (UTC+8), with USDT at $199.08 billion and USDC at $76.1 billion. PYUSD recorded an $810 million transfer between Ethena Labs and Copper Custody, signaling possible institutional adoption. The market remains stable with no major price shifts.
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