This week, leading cryptocurrencies like Bitcoin and Ethereum have shown significant growth through their ETFs and new policies, while stablecoins have exceeded $200 billion in total supply.
Stablecoins Surpass $200B in Market Capitalization
Stablecoins have exceeded $200 billion, reinforcing their position as revolutionary financial assets. Tether (USDT) increased by $20 billion, and USD Coin (USDC) grew by $17 billion over the past 90 days. These figures highlight the advancing role of stablecoins as a liquidity source independent from central banks.
Ethereum ETFs Attract $5 Billion
Since November 2024, Ethereum-related ETFs have attracted over $5 billion in investments. This indicates growing institutional confidence in Ethereum as a foundation for DeFi development due to its scalability and broad use cases.
Bitcoin Surge Amid Stock Market Stability
Bitcoin has grown significantly over the past year, enticing institutional investors from traditional markets. In 2024, Bitcoin's strong correlation with Nasdaq reached historic levels, boosting interest from institutional investors.
Stablecoins exceeding $200B underscores their increasing role as a liquidity source independent of central banks. Meanwhile, the rise of Ethereum ETFs signals confidence in its DeFi foundation, and Bitcoin's growth reflects its ongoing acceptance in traditional financial markets.
