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Data: Stablecoin Market Supply Exceeds $250 Billion for the First Time, Increased Issuer Diversity

Summary: According to Delphi Digital report, the supply of stablecoins in the market has exceeded $250 billion for the first time. Profit-based stablecoins are growing rapidly, with Ethena reaching nearly $6 billion since its launch; Tether and Circle still dominate the market, accounting for 86% of circulating supply; issuer diversity is increasing, with over 10 stablecoins ...

According to Delphi Digital report, the supply of stablecoins in the market has exceeded $250 billion for the first time. Profit-based stablecoins are growing rapidly, with Ethena reaching nearly $6 billion since its launch; Tether and Circle still dominate the market, accounting for 86% of circulating supply; issuer diversity is increasing, with over 10 stablecoins having circulation exceeding $1 billion; over $120 billion of US Treasury bonds are locked in stablecoins, forming a liquidity pool outside traditional markets.

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