The stablecoin market cap is rising, hitting $309B amidst broader market declines. EURC's dominance in the euro stablecoin market reached 62.1%, while USDC's trading volume share also rose to 19.7%, influenced by a drop in FDUSD activity.

The stablecoin market cap is rising, hitting $309B amidst broader market declines. EURC's dominance in the euro stablecoin market reached 62.1%, while USDC's trading volume share also rose to 19.7%, influenced by a drop in FDUSD activity.

The stablecoin market cap is rising, hitting $309B amidst broader market declines. EURC's dominance in the euro stablecoin market reached 62.1%, while USDC's trading volume share also rose to 19.7%, influenced by a drop in FDUSD activity.

The stablecoin market cap is rising, hitting $309B amidst broader market declines. EURC's dominance in the euro stablecoin market reached 62.1%, while USDC's trading volume share also rose to 19.7%, influenced by a drop in FDUSD activity.

In the crypto world, what truly determines victory or defeat is never the code, but the game of liquidity, power, and regulation. The rise and fall of BUSD is not just a tragic story of a stablecoin, but a financial war over how exchanges attempt to "unify the world." When BUSD was brought onto the stage of history, it carried not only a compliance narrative but also Binance's ambition to reshape the stablecoin order through heavy-handed tactics—by enforcing exchange rates and merging trading pairs, directly swallowing competitors' depth into its own ledger. The 2022 "automatic conversion" was a textbook-level blitzkrieg; meanwhile, the regulatory iron fist on Valentine's Day 2023 caused this seemingly invincible empire to collapse in an instant. The twin BUSD, the shadow-like Binance-Peg, and the misalignment of regulatory boundaries together form its Achilles' heel. But the story is not over yet. From FDUSD

First Digital plans to list its FDUSD stablecoin in New York via a merger with CSLM Digital Asset Acquisition Corp III, amid a supportive crypto environment in the U.S. The company faces legal disputes over TrueUSD management while experiencing significant crypto listing activity.

According to Mars Finance, Binance will delist the following spot trading pairs on November 14, 2025, at 11:00: C/BNB, C/FDUSD, DOGE/TUSD, and NIL/BNB. Users can still trade the related underlying assets and quoted assets on other trading pairs. Please note that the Bots service will cease on the same day, and users are advised to disable the relevant Bots in advance to avoid potential losses.