Behold, dear reader, the stablecoin realm has reached a zenith so lofty, even the eagles are envious! 🦅💸 This week, the stablecoin economy has ballooned to an astronomical $234.60 billion, thanks to a $10.28 billion surge in March, which some might say is as surprising as finding a unicorn 🦄 at a crypto conference. Meanwhile, Circle’s USDC has triumphantly crossed the $60 billion mark for the first time, causing quite the stir amongst digital currency aficionados.
USDC’s Ascent and the Curious Case of Treasury-Backed Tokens
According to the oracle of defillama.com, as of the26th of March,2025, the stablecoin domain lords over a staggering $234.60 billion, with a4.58% rise since the dawn of this very month. Tether, the undisputed monarch of this realm, boasts a market capitalization of $144.698 billion, having swelled by1.29%, or $1.841 billion, in the past month alone—making it the envy of all its brethren. 🌟

Simultaneously, Circle’s USDC has pirouetted past the $60 billion milestone, flaunting a $2.909 billion increase—a leap of5.09%—over the same timeframe, settling at a respectable $60.1 billion. In contrast, Ethena’s USDe, the bronze medalist in this fiscal race, shrank by $515.01 million, now standing at $5.373 billion. Sky’s USDS, however, enjoyed a more buoyant fate, rising by $638.96 million to a total of $4.766 billion. 📈
In this ever-shifting landscape of digital finance, a new breed of U.S. Treasury-backed crypto tokens has discreetly made its entrance, challenging the old guard. Blackrock’s BUIDL, for instance, has inflated by an impressive239% since Feb.26, while Ethena’s USDtb, tethered to BUIDL tokens, skyrocketed by a jaw-dropping1,505% in the same span. As of Wednesday, BUIDL’s market capitalization teeters at $1.93 billion, and USDtb’s value solidifies at $1.433 billion, thumbing their noses at traditional growth patterns. 🚀
Berachain’s HONEY is not to be outdone, ascending by45.35% over the past month. Its supply burgeoned by224.78 million tokens, elevating its total valuation to $720.47 million. In the grand stablecoin hierarchy, Blackrock’s BUIDL claims the seventh throne, Ethena’s USDtb the eighth, and Berachain’s HONEY secures the11th spot. The fiat-pegged crypto sector, in sum, has swollen by $10.28 billion since March1, a testament to its unyielding expansion. 🌍💰
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2025-03-26 15:58