Stablecoins Surge to $150 Billion in Market Capitalization

Stablecoins Surge to $150 Billion in Market Capitalization



On March 21, for the first time in 18 months, the total value of all stablecoins in the cryptocurrency market reached a landmark $150 billion. This notable achievement was highlighted in a report by CoinGecko, which also pointed out that the daily trading volume for this category of digital assets neared an impressive $122 billion.



Leading the charge in this surge is Tether (USDT), which holds a dominant 70% of the market share. Following closely is USD Coin (USDC) with a market capitalization of $31.8 billion, securing for Circle's stablecoin a significant chunk of over 20% of the market. Ranking third is DAI, with a valuation of $4.7 billion, representing 3% of the market share at the time of reporting.



The cryptocurrency community interprets this significant increase in the market capitalization of stablecoins as a positive


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Stablecoin, #USDT

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