Stablecoins’ Market Cap Surged to a New All-Time Hight

The total market capitalization of stablecoins, excluding algorithmic ones, reached an all-time high of more than $168 billion over the weekend.

Market capitalization had fallen to about $122 billion in October, but has been steadily rising since the start of 2024.

Rachel Lucas, a crypto analyst at BTCMarkets, suggested that the rise in stablecoin market capitalization indicates increased interest from institutional investors who view stablecoins as a safe haven in uncertain market conditions.

She noted that the growing use of stablecoins by institutions underscores the shift toward integrating these digital assets into trading strategies and long-term portfolios.

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The market capitalization of USDT, the largest stablecoin, has grown from $91.6 billion in January to $117.889 billion at the time of writing, now accounting for approximately 70% of the segment’s total market cap.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.