The stablecoin market cap has reached $322.03 billion, with USDC surpassing USDT in trading volume for the first time, according to CoinFound data. USDT maintains the largest market cap at $196.12 billion, followed by USDC at $77.03 billion. Other notable stablecoins include USDS at $12.95 billion and EURC at $12.27 billion. In regulatory developments, the Hong Kong Monetary Authority has postponed the issuance of its first Hong Kong dollar stablecoin license, now expected in April or later. Meanwhile, the U.S. CLARITY Act's stance on stablecoin "yield vs. rewards" remains contentious, with Coinbase and others expressing opposition. Despite these regulatory challenges, the stablecoin market has shown stability with no major fluctuations reported.
Stablecoin Market Cap Hits $322 Billion as USDC Trading Volume Surpasses USDT
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