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This article introduces a channel that focuses on sharing blockchain projects, popularizing blockchain, decentralized finance (DeFi), NFT, and other areas, and shares various digital currencies, trading analysis, technical analysis, airdrops, and other related content. The article focuses on mainstream tokens such as Bitcoin and Ethereum, as well as altcoins like Dogecoin and SHIB, and also shares information about various projects, platforms, exchanges, etc.

💫 While US dollar-backed stablecoins hold 90% market share in stablecoin transactions, the share of transactions directly using US dollars is 10%. The usage share of Euro-backed stablecoins is 1.1%.

Stablecoins have expanded more swiftly this year compared to the previous one. Just a week earlier, the stablecoin market was valued at $155.86 billion; today, it stands at $158.67 billion, reflecting a 1.8% increase. In contrast to the broader cryptocurrency market, which experienced a noticeable decline, the dollar-pegged crypto sector demonstrated strong growth. Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation Stablecoin dominance according to defillama.com. The overall value of the stablecoin market increased by approximately $2.81 billion, with $2.2 billion of this growth attributable to tether (USDT). Over the past month, tether’s supply expanded by 5.6%, reaching a current valuation of $109.38 billion. Last week, on April 12, usd coin (USDC) held a market valuation of about $32.02 billion, which has since risen to $33.15 billion. DAI also enjoyed a week of growth, with its market cap increasing from $4.93 billion to $5.12 billion. In contrast, FDUSD experienced a small drop from $3.93 billion on April 12 to $3.58 billion today. Despite this weekly dip, FDUSD’s supply has risen by 23.8% since March 19. Ethena’s USDE has shown no significant changes in supply over the past week, maintaining a stable figure of $2.38 billion. Over the past month, USDD, TUSD, and USDP have all recorded declines. USDD’s supply decreased by 2.7% this month, while TUSD saw a substantial 48.9% reduction over the same period. Paxos’ USDP experienced a 25.2% cut since March 19. Meanwhile, Paypal’s stablecoin, PYUSD, achieved a 6.8% increase this month, boosting its market valuation to $202 million at press time. In the dynamic landscape of the stablecoin market, this week’s growth exemplifies a clear deviation from the broader cryptocurrency trends, with USDT leading the charge. As the market faces fluctuations, stablecoins seem to offer a semblance of stability, albeit with varying supply changes among different tokens.

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USDT market capitalization突破830亿美元，但市场反应平淡 Recently, the market capitalization of USDT has continued to rise, once again breaking through the $83 billion mark, nearly reaching the historical high set in early May 2022. Generally, as the largest stablecoin by market share, the rise in USDT's market capitalization is seen as a precursor to a bull market. However, during this rise in USDT's market capitalization, the market conditions have not seen a synchronized increase, with mainstream crypto assets like Bitcoin still in a consolidation phase. So, where exactly has the newly added USDT flowed to? How much has entered the trading market? Through a comprehensive analysis of the changes in USDT's market capitalization, on-chain data, and trading data, we found that: 1. As of June 3, the total market capitalization of stablecoins is approximately 129.216 billion USD, a decrease of about 0.87% in the past month and a decline of about 6.22% since the beginning of this year. 2. The current market capitalization of USDT is about 8