Stablecoins Smash Records, Market Eyes $300B by Year-End
The post Stablecoins Smash Records, Market Eyes $300B by Year-End appeared on BitcoinEthereumNews.com. The stablecoin market just clocked a month of historic numbers. Capital surged, usage soared, and new leaders emerged. July ended with the total stablecoin market cap at an all-time high of $269B. That’s a 5% jump from June and a staggering 39% above the $166B recorded a year ago on Aug. 7. $USDT remains king. It holds 61% of the market, with a market cap of $164.7B (CoinMarketCap). $USDC follows at around 24%. Over the last month, the stablecoin sector set several notable records. Let’s take a closer look at the numbers
The post Stablecoins Smash Records, Market Eyes $300B by Year-End appeared on BitcoinEthereumNews.com.
The stablecoin market just clocked a month of historic numbers. Capital surged, usage soared, and new leaders emerged. July ended with the total stablecoin market cap at an all-time high of $269B. That’s a 5% jump from June and a staggering 39% above the $166B recorded a year ago on Aug. 7. $USDT remains king. It holds 61% of the market, with a market cap of $164.7B (CoinMarketCap). $USDC follows at around 24%. Over the last month, the stablecoin sector set several notable records. Let’s take a closer look at the numbers
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