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Stablecoin Market Soars From $1 Billion To $171 Billion In Six Years, Led By USDT’s Shift To TRON

The stablecoin market has experienced explosive growth over the past six years, according to data from @intotheblock. In 2018, the total stablecoin market cap was a modest $1 billion. Fast forward to 2024, and that figure has skyrocketed to an impressive $171 billion—a staggering increase that highlights the vital role stablecoins now play in the […]

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Fiat-Backed Stablecoins Surge In 2024: A Market Overview

The performance of fiat-backed stablecoins in 2024 has been notable, with the market cap of the top 10 stablecoins reaching $161.2 billion. This marks a 35.4% growth from the $119.1 billion seen in 2023, though it still falls short of the $181.7 billion peak recorded in 2021. Tether ($USDT) continues to dominate the stablecoin market, […]

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Stablecoins Surge In 2024, But Still Below 2021 Peak; USDT Remains Dominant

In 2024, fiat-backed stablecoins saw a notable increase of 35.4%, pushing their total market cap to $161.2 billion. Despite this growth, the figure remains below the all-time high of $181.7 billion reached in 2021. Tether (USDT) continues to dominate the stablecoin space, holding a 70.3% market share. In contrast, USDC has been on a downward […]

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Stablecoin Market Surges To $166 Billion: A Sign Of Renewed Liquidity In Crypto?

The stablecoin market has seen extraordinary growth over the past few years, highlighting its crucial role in the broader cryptocurrency ecosystem. In March 2020, the market value of stablecoins was a modest $5 billion. However, by April 2022, this figure had skyrocketed to an all-time high of $188 billion, driven by the last bull cycle. […]

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PayPal’s PYUSD Stablecoin Surges On Solana, Reaching $1 Billion Market Cap

In a remarkable feat, PayPal’s USD stablecoin (PYUSD) has achieved a $1 billion market capitalization just 383 days after its launch, outpacing USDC and USDT in growth rate. The PayPal USD stablecoin is part of PayPal's mission to revolutionize commerce globally. This weekend, we reached a major milestone: over $1 billion in market capitalization! This […]

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Massive $USDT Withdrawals And Transfers Highlight Crypto Market Activity

On Tuesday, over $1 billion in $USDT was withdrawn from crypto exchanges, marking the highest single-day withdrawal since May, as reported by @intotheblock. In recent days, the focus has been on Cumberland, a major player in the crypto market, which has been actively moving large sums of $USDT. In the past 48 hours, Cumberland transferred […]

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USDT’s Market Dominance Slips Amid Rising Competition And Regulatory Challenges

This year, Tether’s dominance on centralized exchanges (CEXs) has slipped from 82% to 74%, reflecting the growing competition and regulatory challenges it faces. Despite USDT remaining the top stablecoin, its market share decline is a significant indicator of shifting dynamics in the stablecoin market. The introduction of competing stablecoins like FDUSD and the increasing demand […]

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Stablecoins and ETH Dominate High-Yield Opportunities As ETH Holds Above $3K

As Ethereum continues to trade above the $3,000 mark, stablecoins, ETH, and ETH derivatives are leading the charge in high-yield opportunities, leaving other large-cap cryptocurrencies mostly in the shadows.  CoinShares recently reported substantial inflows into digital asset investment products, with a notable $932 million received last week.  This surge is largely attributed to market expectations […]

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Stablecoin Market Caps: Key Indicator For Crypto’s Next Move?

As cryptocurrency prices rebound, a crucial factor to watch for validating this bounce is the growth in stablecoin market caps. From mid-October to mid-April, the combined market caps of major stablecoins like $USDT, $USDC, $DAI, $BUSD, $USDP, and $TUSD surged by 25%. This increase supported rising trading volumes and indicated investors’ preference to keep their […]

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Large Wallets Accumulate Stablecoins Amid Rising Market Caps

Over the past three weeks, there has been a noticeable trend of large wallets rapidly accumulating stablecoins. Wallets holding at least $5 million in cryptocurrency have collectively increased their holdings by 5.09% of the combined supplies of major stablecoins such as USDT, USDC, BUSD, DAI, TUSD, and USDP. According to data from Santiment, the total […]