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Recently, the total market size of stablecoins has surpassed the $250 billion mark for the first time, and market analysts generally predict a more rapid expansion trend in the second half of the year.


It is worth noting that yield-bearing stablecoins are showing incredible growth potential, with Ethena rapidly developing to nearly $6 billion in scale since its launch, demonstrating the strong market demand for yield-focused stablecoin products.
Despite the rise of emerging forces, Tether and Circle still firmly control the stablecoin market, together accounting for 86% of the market share. This pattern may continue in the short term, but as innovative stablecoin solutions continue to emerge, the competitive landscape may gradually change.
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