Stablecoin Market Reaches New Heights at $233B
Stablecoin Market Reaches New Heights at $233B
💰 Stablecoins Just Did That
The stablecoin market has reached a significant milestone with total market capitalization hitting $233 billion. Key developments include:
- USDT (Tether) maintains market leadership with 63% share
- USDC shows strong growth, now controlling 25.7% of market
- Regulatory adoption driving USDC's expansion
- New entrant USDe (Ethena) joins top 5 with $6B+ in circulation
This growth signals increasing mainstream adoption of digital assets and highlights stablecoins' crucial role in bridging traditional finance with crypto markets. The multi-stablecoin ecosystem continues to evolve, with different tokens serving various market needs.
🌉 **Allbridge Core Adds USDe Support**
**Allbridge Core** now supports **Ethena's USDe stablecoin**, expanding cross-chain bridging options. The integration leverages **LayerZero's OFT technology** for seamless transfers between EVM and non-EVM blockchains. - Enhanced stablecoin lineup for users - Smoother cross-chain swap experience - Native bridging capabilities maintained This follows Ethena's recent expansion of **sUSDe accessibility** across 18 chains via LayerZero OVault in September. Users can now explore USDe swaps through Allbridge's platform.
Allbridge Launches Big Brother Bot for 24/7 Community Support
Allbridge has introduced a **Big Brother bot** that monitors all Telegram and Discord messages to ensure no support requests are missed. The automated system aims to provide comprehensive community support by: - Catching every message across communication channels - Preventing support requests from being overlooked - Maintaining consistent response coverage This follows a trend of crypto projects implementing AI-powered support tools, similar to Bella's LLM Research Bot launched earlier this year. [Learn more about Big Brother](https://bit.ly/3VRRENo)
Allbridge Core Releases Video Explainer on vUsd Cross-Chain Mechanism
Allbridge Core has launched a new video explainer showcasing **vUsd**, their cross-chain bridging mechanism. The video highlights how vUsd functions as an "invisible accountant" that facilitates seamless cross-chain swaps across different blockchain networks. Key features covered: - How vUsd enables cross-chain transactions - The technical role it plays in Allbridge Core's infrastructure - Its function as an intermediary for swaps This educational content aims to help users understand the underlying technology powering Allbridge's cross-chain bridging solutions. [Watch the explainer video](https://bit.ly/3KZ6qiX)
Allbridge Releases September Report Highlighting New Integrations and Features
**Allbridge Core** published its September monthly report, showcasing significant developments in cross-chain bridging technology. The report highlights: - New platform integrations - Feature releases and improvements - Progress in cross-chain stablecoin bridging This follows August's milestone-heavy month, indicating consistent development momentum for the native stablecoin bridging protocol. [Read the full September report](https://bit.ly/4oc40w1)