Stablecoin Circulation Surpasses $270 Billion, Reaching a New All-Time High

According to a report by Jinse Finance, data collected from defillama.com and artemisanalytics.com shows that the total value of the stablecoin market has surpassed $270 billion. Both sources indicate that the Bitcoin ecosystem is larger in scale, highly active, and geographically diverse. The total market size of $270.303 billion marks a period of continued expansion for Bitcoin, with liquidity concentrated among a few issuers and blockchains. This asset class serves as a bridge between trading venues, wallets, and traditional finance, including centralized exchanges and on-chain protocols.