CoinFound Data: The total market cap of stablecoins is $324.29 billion.

ME News, April 24 (UTC+8), according to CoinFound data:

Market cap distribution by chain

• Ethereum: $168.25 billion
• TRON: $85.08 billion
• Solana: $15.23 billion
• BNB Chain: $13.00 billion
• Arbitrum: $7.24 billion
• Base: $4.66 billion
• Polygon: $3.52 billion
• Avalanche: $1.22 billion
• Aptos: $1.24 billion
• Stellar: $0.31 billion

Market dynamics:

• Tether confirms cooperation with the U.S. government to freeze over $344 million in USDT
• TD Cowen: Crypto bill "The Clear Act" faces five major obstacles, passage prospects uncertain
• Circle proposes on Aave forum to raise maximum deposit rate for USDC to 48.2%
• Aave proposal: Significantly increase USDC Slope 2 to 50% to alleviate liquidity crisis
• MoonPay launches virtual accounts in New York, expanding enterprise stablecoin payment infrastructure

Summary:

• On April 23-24, the stablecoin market remained stable, with the only highlight/risk being Tether's large-scale compliance freeze action — which both reinforces the regulatory compliance narrative and reminds the market of the inherent trade-offs of centralized stablecoins (Source: CoinFound)