CertiK Skynet报告发布稳定币排行，USDT、USDC、PYUSD与RLUSD位列前茅

Core Insights - The report by CertiK highlights the rapid integration of stablecoins into the mainstream financial system, with a total supply surpassing $250 billion and a monthly settlement volume growth of 43% to $1.4 trillion in the first half of 2025 [1][2]. Market Performance - The total supply of stablecoins reached $252 billion in the first half of 2025, with a significant increase in user activity, as the total number of holding addresses exceeded 120 million [2]. - USDT remains the most widely held stablecoin with over 5.8 million addresses, approximately 2.6 times that of USDC [2]. Risk Landscape - The stablecoin industry is experiencing a shift in risk patterns, with a total of 344 security incidents leading to losses of $2.47 billion, marking a historical high [3]. - Operational errors, such as the Bybit private key leak, have become a major source of losses, with a single incident causing a loss of $1.5 billion [3]. Regulatory Developments - Regulatory frameworks like the STABLE Act and MiCA regulations are reshaping the stablecoin landscape, increasing compliance pressures and leading to market differentiation [4]. - Traditional financial institutions are actively piloting stablecoin projects, with notable examples including Societe Generale's compliant USD stablecoin [4]. Future Trends - The report forecasts that RWA-backed and yield-bearing stablecoins will drive innovation, potentially capturing 8% to 10% of the market by the end of the year [5]. - RWA-backed stablecoins align with global regulatory trends, while yield-bearing stablecoins attract institutional and high-net-worth investors [5].