Stablecoin market hits 2-year high of $183B amid Trump victory fueled optimism

Stablecoin market hits 2-year high of $183B amid Trump victory fueled optimism
фото показано с : cryptoslate.com

2024-11-20 23:15

The crypto market has witnessed a significant influx of about $10 billion in new capital following President Donald Trump’s victory in the US elections on Nov. 5.

DeFiLlama data shows that Tether’s USDT led the charge, rising $8 billion to a new record of $128 billion. Circle’s USDC followed closely, adding $2 billion to reach $37 billion — its highest level since March 2023.

Tether USDT and Circle USDC Supply (Source: DeFillama)

The recent growth has pushed the overall stablecoin market supply to $183 billion, its highest value since March 2022. The increase signals a significant recovery from the market downturn seen during the crypto winter in the last two years. Since then, new players such as PayPal, BitGo, and Ripple have entered the stablecoin sector, contributing significantly to its expansion.

Overall Stablecoin Supply (Source: DeFillama)

Market observers believe that the rise in stablecoin supply is a positive indicator for the broader crypto market, suggesting renewed investors’ interest in the ecosystem. Stablecoins, typically pegged to assets like the US dollar, serve as a reliable liquidity source and facilitate crypto trading.

The post Stablecoin market hits 2-year high of $183B amid Trump victory fueled optimism appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

billion victory new trump market defillama data

Источник: cryptoslate.com

billion victory → Результатов: 19


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Pantera sees over 1000x growth in Bitcoin fund, foresees $15T market cap within 10 years

Pantera Capital reported an extraordinary milestone for its Bitcoin Fund, which has grown more than 1,000x since its launch in 2013, according to a report shared with CryptoSlate. The fund’s performance reflects Bitcoin’s (BTC) surging value, now exceeding $90,000 per coin, with a projected long-term trajectory suggesting continued upward momentum.

Bitcoin registers new all-time high inches away from $94,000

Bitcoin (BTC) reached a new all-time high of $93,970. 91 on Nov. 19, roughly $500 above its previous price peak less than a week ago. BTC rose 3% over the past 24 hours. According to CryptoSlate data, Solana (SOL) closely followed Bitcoin’s performance, with a 2.

Bitcoin hits $87k in relentless post-election rally to new frontiers

Bitcoin (BTC) broke multiple new price levels throughout the day on Nov. 11, reaching a new all-time high of $87,450 as it continues its blistering post-election rally into price discovery. As of press time, the flagship crypto was trading at $87,169, up almost 10% for the day and roughly 25% since Donald Trump was declared […] The post Bitcoin hits $87k in relentless post-election rally to new frontiers appeared first on CryptoSlate.