Stablecoin inquiry tops Douyin’s trending list amid market surge

Douyin’s trending topic reflects an increased curiosity about stablecoins, coinciding with their market cap surpassing 250 billion USD. Notably, Circle’s IPO attracted 1.1 billion USD, highlighting stablecoins’ significance in the financial sector.

USDC maintains a 1.87% market dominance valued at 62.19 billion USD. With a consistent price around 1.00 USD, USDC showcases resilience amidst market fluctuations, gaining attention from institutional investors.

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