The capitalization of stablecoins is approaching the $134 billion mark

The capitalization of stablecoins is approaching the $134 billion mark

user avatar

by Max Nevskyi

3 years ago

As of the beginning of November, the volume of stablecoins in the market was just over $126 billion, but by December 7, this figure had increased to $133.76 billion.

According to CoinGecko data, the capitalization of Tether (USDT) reached $90 billion for the first time in the middle of this week. The share of USDT in the stablecoin market is 71.45%.

The shares of the second and third largest stablecoins, USDC and DAI, decreased to 19.28% and 4.26% respectively.

Chart

Over the past month, the supply of Tether (USDT) has increased by 6%, and over the past year, it has grown by more than 35%, starting from $66.24 billion and reaching $90.044 billion. This growth indicates that a significant capital is flowing into the cryptocurrency market, possibly preparing for a new period of growth.

The number of active USDT addresses with balances has increased from 231,000 to 245,800 over the past two months. According to Block Research data, the volume of Tether used in smart contracts has grown from $4 billion to more than $6 billion.

There is also an increase in the supply of USDT on the Tron network. CoinMetrics has recorded an increase in the number of active addresses on this blockchain network from 40,000 to 100,000 since late autumn. USDT on Tron is gaining popularity in Latin America, Asia, and Africa due to its low transaction fees.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Cipher Digital Advances Colchis Project with Conditional Baseload Classification

Cipher Digital reports conditional baseload classification for its 1-gigawatt Colchis project and is developing pipelines for future expansion.

user avatarAndrew Smith

Cipher Digital Achieves First HPC Lease Revenue and Extends Barber Lake Lease

Cipher Digital has recognized its first HPC lease revenue in Q3 2026 and extended its Barber Lake lease to 20 years, increasing contracted revenue to $91 billion.

user avatarJacob Williams

Core Scientific's Transition to AI Infrastructure Shows Promising Financial Metrics

Core Scientific's financial results reveal a significant shift in its business model, focusing on AI compute demand rather than Bitcoin mining profitability.

user avatarSon Min-ho

Core Scientific Reports Significant Growth in Colocation Revenue

Core Scientific has reported a substantial increase in colocation revenue, marking a shift from Bitcoin mining to AI infrastructure.

user avatarZainab Kamara

Hut 8 Reports Significant Energy Capacity Developments

Hut 8 reported substantial energy capacity developments, including 1,330 MW under construction and 3,180 MW entering exclusivity.

user avatarAyman Ben Youssef

Hut 8 Fully Commercializes Beacon Point AI Campus

Hut 8 has fully commercialized its Beacon Point AI campus with a second 352 MW lease, significantly increasing its AI datacentre portfolio's contract value.

user avatarTando Nkube

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.