Stablecoins have been in a bull market since 2021 Regulatory clarity (MiCA and the Genius Act) has enabled this market to grow unimpeded Ethereum leads here with 52% market share Followed by Tron, Solana, BSC, and Arbitrum USDT (Tether) and USDC (Circle) own over 90% of this market That's an opportunity for products like USDs (Sky), USDe (Ethena), and PYUSD (Paypal) to take market share through more exotic offerings. Data: @artemis