Stablecoin market capitalization rises 1.21% in the past 7 days, surpassing $260 billion
According to Jinse Finance, data from DefiLlama shows that the current total market capitalization of stablecoins across the entire network stands at $261.493 billion, reflecting a 1.21% increase over the past seven days. Among them, USDT holds a market share of 62.09%.
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Morgan Stanley strategist Michael Wilson pointed out that the quality factor has risen by about 6% since mid-August, reaching a new 52-week high, while the equal-weighted S&P 500 index has fallen by nearly 4% over the same period. Currently, financial conditions have tightened to their highest levels since 2022, and the outperformance of large-cap stocks is masking a significant pullback in other individual stocks. He stated that medium-term corrections in the stock market often end with a catch-down in high-quality stocks.
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