• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

USDT and USDC Drive Stablecoin Market Cap to $211 Billion

user avatar

by Giorgi Kostiuk

a year ago

The stablecoin market soared to $211 billion amid USDC’s positive momentum. Driven by Tether (USDT), the sector has experienced significant growth since 2023.

Growth of the Stablecoin Market

According to a report, the stablecoin market surged by 73% from $121.18 billion in August 2023, hitting an all-time high of $211 billion. Among all stablecoins, USDT shows robust performance.

Dominance of USDT and USDC

The data suggests that USDT and USDC are the most demanded stablecoins in the crypto market. At the time of writing, USDT holds a market cap of $139.45 billion and its ATH market cap of $140 billion was registered in December 2023.

USDC gained an advantage from the recent drawdown in altcoins where investors swapped their crypto holdings into USDC.Alphractal

Impact on Crypto Assets

According to CryptoQuant, the stablecoin market has grown by approximately $40 billion since Donald Trump’s victory in the US election. The growth in stablecoins indicates higher liquidity, suggesting more capital flowing into the crypto market.

The key influence of USDT and USDC on the stablecoin market and increased liquidity could signal a potential rise in prices of other crypto assets such as Bitcoin.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Gemini's Zcash Credit Card Promotes Financial Privacy

chest

Gemini's newly launched Zcash credit card enhances financial privacy while ensuring compliance with regulatory standards.

user avatarKaterina Papadopoulou

Gemini Launches Zcash Credit Card Offering Crypto Rewards

chest

Gemini has launched a Zcash-themed credit card that offers cryptocurrency rewards on purchases.

user avatarTomas Novak

BNB ETP Listing Enhances Market Stability and Investor Access

chest

The recent listing of the BNB ETP on Nasdaq Stockholm enhances price discovery and market stability for BNB, providing a compliant investment option for Swedish pension funds and retail investors.

user avatarLeo van der Veen

Virtune BNB ETP Achieves Landmark Listing on Nasdaq Stockholm

chest

Virtune has successfully listed a BNB-based Exchange-Traded Product on Nasdaq Stockholm, providing Nordic investors with regulated access to the BNB cryptocurrency.

user avatarMaya Lundqvist

Corporations Rally to Support Trump Accounts for Children's Wealth Building

chest

Major corporations, including JPMorgan Chase and Bank of America, pledge to match federal contributions to the Trump Accounts program, promoting early wealth building for children.

user avatarLi Weicheng

Microsoft Reports Strong Q2 Earnings Despite Stock Dip

chest

Microsoft achieved $813 billion in revenue for Q2 2025, surpassing estimates, but stock fell due to slower cloud growth.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.