The market capitalization of the largest five stablecoins has surpassed $200 billion for the first time, thanks to Treasury Secretary Scott Bessent’s commitment to using digital assets to uphold the U.S. dollar as the world’s reserve currency. This growth, driven by rising investor demand amid declining cryptocurrencies, highlights stablecoins as winners in the current economic climate. Tether and USDC lead the way, showing significant increases in market cap, reflecting a strategic partnership to maintain dollar dominance in the face of geopolitical uncertainties.
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