Ethereum’s stablecoin market cap jumps 1m-fold since the first time ETH reached $1,4k

By: bitcoin ethereum news|2025/05/06 19:00:02
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The total stablecoin market cap in the Ethereum ecosystem has jumped approximately 1 million-fold since the token reached $1,400 for the first time in January 2018. According to data on DeFi Llama, the ETH (ETH) stablecoin market cap has gone up to around $124.5 billion on May 6. However, it has declined by 0.08% or around $100 million in the past week. In January 2018, when ETH hit $1,400 for the first time in history, its stablecoin market cap sat at a measly $124,500. Despite its meager beginnings compared to its current state, it was enough to cement Ethereum’s place as the second-largest cryptocurrency by market cap, falling behind only to Bitcoin (BTC). At press time, Tether (USDT) continues to contribute the majority of ETH’s stablecoin market cap, making up around 52% of the ecosystem’s total stablecoin market cap or equal to around $64.7 billion from the $124.5 billion total. On the other hand, USD Coin (USDC) injects $37 billion in market cap to the ETH ecosystem, followed by Ethena’s USDe (USDE) which makes up $4.5 billion of the total stablecoin market cap. Fourth and fifth place are occupied by Sky Dollar’s USDS and Dai’s DAI (DAI), contributing around $3.8 billion and $3.6 billion in stablecoin market cap respectively. At press time, ETH itself has dipped slightly by 0.89% in the past 24 hours. It is currently trading hands at $1,804, having jumped more than 10.9% in the past two weeks. ETH’s market cap stands at more than $216 billion, with a daily trading volume reaching $9.2 billion. This marks a slight 4.10% increase in trading volume compared to the previous day of trading, indicating a rise in market activity. As preciously reported by crypto.news, Ethereum is preparing to launch is next major upgrade this month. The upgrade is set to introduce a number of changes aimed at boosting on-chain scalability, improving user experience, and enhancing validator efficiency through EIP-7251’s maximum stake adjustment from from 32 ETH to 2,048 ETH. Source: https://crypto.news/ethereums-stablecoin-market-cap-jumps-1m-fold-since-the-first-time-eth-reached-14k/

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

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Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

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Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

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Aspect

Improvement

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Reduces abnormal orders and fraud risk

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Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

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Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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