💵 Stablecoin market pushes toward $300B despite YU turmoil
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YU’s depeg comes as the global stablecoin market nears $300B, up from $200B in late 2024.
Tether (USDT), Circle’s USDC, and Ethena’s USDe are driving most of the growth.
Analysts say stablecoins are expanding fast, but adoption is still early — “$300B is just an early milestone in a much larger trend.”