CoinFound Data: The total market capitalization of stablecoins is $3221.9 billion.

ME News update, April 2 (UTC+8), according to CoinFound data:

• USDT market cap: $196.12 billion
• USDC market cap: $76.92 billion
• USDS market cap: $13.30 billion
• EURC market cap: $12.27 billion
• USDe market cap: $5.90 billion
• USD1 market cap: $4.43 billion
• PYUSD market cap: $3.96 billion

Market dynamics:

• The U.S. Department of the Treasury officially implements the stablecoin “GENIUS Act,” allowing issuers with issuance below $10 billion to choose state-level regulation
• The rollout of Hong Kong’s first batch of compliant stablecoin licenses has been delayed; the Hong Kong Monetary Authority responded that it is actively pushing forward
• Fed Chair Barr warns of stablecoin risks, emphasizing the need to strengthen regulation and reserve audits
• The Crypto Political Action Committee appoints a Tether executive as chair, escalating stablecoin controversy
• USDC Treasury adds the minting of 250 million USDC on the Solana chain

Summary:

The stablecoin market capitalization remains stable, and the market sentiment is calm and positive. The implementation of regulatory details is the core highlight. In the short term, it is expected to continue maintaining a stable growth trend (Source: CoinFound)