What You Should Know
- The stablecoin market cap has reached a record of over $200 billion.
- Since President Trump’s election victory, the stablecoin sector has expanded by nearly $40 billion.
- This growth is viewed as a positive sign for the broader cryptocurrency market.
The market capitalization of stablecoins has recently surpassed $200 billion, indicating potential growth in the cryptocurrency market, according to CryptoQuant.
Stablecoins are digital tokens designed to maintain a stable price by being pegged to another asset, typically the U.S. dollar. Traders utilize these tokens to safeguard their investments while switching between assets.
According to data from CryptoQuant, the stablecoin market has increased by approximately $37 billion since early November, following President Trump’s election win.
“The next leg up for bitcoin and crypto prices could be around the corner as stablecoin’s liquidity impulse starts to expand again,” noted in a CryptoQuant report.
Stablecoins: Market Cap (CryptoQuant)
Tether’s USDT leads the stablecoin market with a market cap of $139 billion, reflecting a 15% increase since November. Circle’s USDC follows at $52.5 billion after a 48% growth during the same period.
Comparatively, Bitcoin price has risen over 50% lately, while the entire cryptocurrency market has grown from $2.2 trillion to $3.5 trillion, based on TradingView metrics.
