stablecoin market

Messari released the BNBChain Q4 2024 report: BNB market capitalization grew by 114%, and the stablecoin market capitalization maintained third place at $6.84 billion

ChainCatcher news, Messari today released the BNBChain Q4 2024 report, which covers ecological expansion and growth in various metrics. Among them, the market capitalization of BNB reached $101.09 billion at the end of Q4, a year-on-year increase of 114% compared to the beginning of the year.The annual growth of BNBChain's DeFi ecosystem is 53%, with a Q4 growth of 10%, and the TVL is $5.35 billion, where ListaDao performed remarkably with a TVL growth of 174%. The average daily trading volume of DEX on BNBChain in Q4 increased by 122%, reaching $1.29 billion. The annual average daily trading volume of DEX grew by 269%.The stablecoin market also saw steady growth, with BNBChain maintaining the position of the third-largest stablecoin ecosystem globally (after Ethereum and Tron), and the total market capitalization of stablecoins reached $6.84 billion in Q4. Additionally, in the BTCFi sector, the number of holders increased by 5% quarter-on-quarter, surpassing 1 million users, with Solv and Lorenzo performing particularly well.On the technical front, by the end of the year, 96% of blocks had utilized BuilderAPI, improving block speed and MEV transparency. The number of active validators increased from 40 to 45, further promoting the decentralization of BNBChain.BNB Chain is committed to driving crypto applications and attracting the next billion users into Web3.

Circle CEO: The stablecoin market size may expand to $5 trillion to $10 trillion within 10 years

ChainCatcher news, according to CoinDesk, Circle CEO Jeremy Allaire stated in an interview that the stablecoin market could grow to between $5 trillion and $10 trillion over the next decade, accounting for 5% to 10% of the global money supply. Allaire expects that 2025 will be a pivotal year for stablecoin regulation, with relevant regulations anticipated to be introduced by G20 countries and many emerging markets by the end of 2025. He emphasized that stablecoin legislation enjoys bipartisan support in the U.S., and the payment stablecoin bill is at a very advanced stage.The USDC issued by Circle is the second-largest stablecoin by market capitalization, currently valued at $35 billion. Allaire noted that while USDC is popular in developed markets, it is also showing significant growth in emerging markets such as Latin America and Southeast Asia, particularly among fintech companies serving local businesses and households.He illustrated the use of USDC in cross-border payments and currency exchanges, such as local forex brokers using USDC to settle transactions between small and medium-sized enterprises, and facilitating hundreds of millions of dollars in energy orders between Middle Eastern suppliers and African buyers. Allaire stated, "We are in the early stages of stablecoin adoption, but in the next 10 to 20 years, this technology will become part of the global financial system."
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