The total cost of stablecoins in four months has grown by more than 90%
Over the past four months, there has been a tendency to increase the capitalization of stablecoins.
Analysts at The Block have estimated that since mid-February, the total value of such digital assets has jumped 94%. Now the capitalization of tokens secured by fiat money is about $ 11 billion.
Tether (USDT) takes the lion's share of the cost, this coin has already made its way into the first three largest cryptocurrencies according to the CoinMarketCap service. In May, the supply of stablecoins grew by another $ 1.6 billion.
Tether's share in the stablecoin market increased to 86.2%. The second and third places were divided among themselves by USDC and PAX coins with shares of up to 6.6% and 2.2%, respectively.
Researcher Larry Zermak linked the growth of stablecoin capitalization with a lack of liquidity in the cryptocurrency market itself.
Recently, Tether technical director Paolo Ardoino said that an increase in investment in stable coin USDT signals that market players are stocking up with such an asset, with which you can start buying bitcoins as quickly as possible.
Over the past four months, there has been a tendency to increase the capitalization of stablecoins.
Analysts at The Block have estimated that since mid-February, the total value of such digital assets has jumped 94%. Now the capitalization of tokens secured by fiat money is about $ 11 billion.
Tether (USDT) takes the lion's share of the cost, this coin has already made its way into the first three largest cryptocurrencies according to the CoinMarketCap service. In May, the supply of stablecoins grew by another $ 1.6 billion.
Tether's share in the stablecoin market increased to 86.2%. The second and third places were divided among themselves by USDC and PAX coins with shares of up to 6.6% and 2.2%, respectively.
Researcher Larry Zermak linked the growth of stablecoin capitalization with a lack of liquidity in the cryptocurrency market itself.
Recently, Tether technical director Paolo Ardoino said that an increase in investment in stable coin USDT signals that market players are stocking up with such an asset, with which you can start buying bitcoins as quickly as possible.