Market capitalisation hits US$280 billion as USDT and USDC dominate sector.

The European Central Bank (ECB) has sounded the alarm over the rapid growth of stablecoins, warning that their structural vulnerabilities and deepening links to traditional finance could pose systemic risks. Stablecoins have become integral to crypto trading In its latest Financial Stability Review, the ECB reported that the combined market capitalisation of stablecoins has surged to US$280 billion, accounting for roughly eight percent of the global crypto-asset market. Two US dollar-denomi