All you need to know about Ethereum stablecoins’ market cap hitting new high – BitRss

• Stablecoins on the Ethereum network just hit a new historic high, in line with global stablecoin count
• Assessing incoming regulatory headwinds and potential impact liquidity will be key

The global stablecoin marketcap just hit a new all-time high, with Ethereum enjoying the lion’s share of that growth too. However, what does this mean for the network in terms of liquidity and growth?

The total stablecoin marketcap stood at $205.79 billion, at the time of writing, with most of it in Ethereum. According to DeFiLlama, Ethereum’s stablecoin marketcap amounted to $117.39 billion at press time. In fact, this seemed to be equivalent to 54.32% of the total marketcap.