Stablecoins have emerged as a foundational pillar within decentralized finance (DeFi), providing access to a fast, efficient, borderless, and stable way to transfer value on the internet. Among the plethora of decentralized stablecoin projects, one stands out for its innovative approach and groundbreaking advancements: $crvUSD.

According to DefiLlama data, the total market value of stablecoins is now $161.144 billion, with a weekly growth rate of 0.69%. In addition, the market value of USDT is $111.128 billion, with a market share of 68.96%.

According to DefiLlama data, the total market value of stablecoins has reached 160.14 billion US dollars, with a 7-day increase of 2.25%. Among them, the market value of UDST is 110.479 billion US dollars, with a market share of 68.99%.

According to DefiLlama data, the total market value of stablecoins has reached 154.176 billion US dollars, of which the market value of USDT is 107.22 billion US dollars, accounting for 69.54%.

On March 29th, according to DefiLlama data, the total market value of stablecoins reached $150.529 billion, with a growth of 1.6% in the past week. Among them, USDT has a market share of 69.48%.

On Wednesday, the European Union's banking regulator, the EBA, published the final draft requirements for stablecoins referencing multiple currencies under the MiCA regulation. The MiCA regulation focuses on requirements for stablecoin issuers and will come into force this summer, while the entire regulation will take effect in December. The published RTS lays out the requirements, templates, and procedures for complaints received by issuers of asset reference tokens (ARTs), which can reference several currencies unlike stablecoins that are pegged to the value of one currency. The EBA and ESMA are consulting on several other Regulatory Technical Standards (RTS).

According to DefiLlama data on March 4th, the total market value of stablecoins reached 141.91 billion US dollars, a 1.9% increase in the past week. Among them, the total market value of USDT reached 99.63 billion US dollars, a 1.78% increase in the past week.

According to a report released in December 2023 with the assistance of 10 media organizations in China, Thailand, South Korea, Taiwan, and Vietnam, by Vietnamese venture capital firm Kyros Ventures, more than 70% of the 5,268 participants surveyed stated that cryptocurrency accounts for more than half of their asset portfolios. However, 33.3% of Chinese investors hold a large amount of stablecoins, second only to Vietnam (where 58.6% of investors hold stablecoins). Except for Vietnam and China, most investors in other countries have reduced their holdings of stablecoins, indicating that they are more willing to take risks in investing in crypto assets.

According to Defillama data, as of January 29th, the total market value of stablecoins has reached 135.02 billion US dollars, an increase of 0.97% from last week. In addition, the circulation of USDT has exceeded 95.9 billion US dollars, accounting for 71.07% of the stablecoin market.

The European Union's banking regulator conducted a public hearing to discuss the proposed operational guidelines for stablecoin issuers under the upcoming Markets in Crypto Assets (MiCA) framework. Officials urged the public and industry members to engage with them to ensure the rules are correct. The EBA is responsible for creating a single rulebook for stablecoin issuers under MiCA and presented its proposed guidelines for issuers of asset-referenced tokens during the hearing. The EBA is seeking input from various stakeholders and will use feedback from open consultations to finalize its rulebook. Similar hearings will be held next week.