What Is Driving the Surge in Stablecoin Market Capitalization?
09.10.2024 18:30 1 min. read Alexander Zdravkov
CryptoQuant has reported that liquidity within the cryptocurrency market has hit all-time highs.
By the end of September, the market cap of US dollar-pegged stablecoins reached $169 billion, marking a 31% rise since the start of the year.
This increase is primarily driven by Tether’s USDT, which has experienced notable growth in the reserves of centralized exchanges.
As of October, the USDT (ERC20) balances on Ethereum-based exchanges surged to $22.7 billion, reflecting an impressive 54% rise, or $8 billion, since January 2023.
Additionally, centralized exchanges hold approximately $8.5 billion in USDT issued on the TRON network.
Since the onset of the bull market in January 2023, USDT (ERC20) on exchanges has escalated from $9.2 billion to $22.7 billion, representing a 146% increase.
This influx of stablecoins into exchanges signals enhanced liquidity and indicates the possibility of significant market movements.
-
1
Is a New Altcoin Cycle Brewing in 2025?
13.06.2025 12:00 1 min. read -
2
Pi Token Squeezes Higher After Brief Collapse—Path to $10 Still Murky
16.06.2025 14:00 1 min. read -
3
Crypto Whale Makes $3.5M Shorting Altcoins on Hyperliquid
15.06.2025 15:00 1 min. read -
4
BTC Bull Token Price Prediction: The Next Crypto with 1000% Potential?
25.06.2025 18:55 4 min. read -
5
Solana Exchange Balances Surge as Bearish Signals Grow
13.06.2025 18:25 1 min. read
New Meme Coin to Watch: TOKEN6900 Presale Tipped as Next SPX6900
The recent launch of the TOKEN6900 (T6900) meme coin presale is a refreshing sight in a market oversaturated with presales focused on providing utility. Token6900 returns to the roots of meme coins, offering no utility. This is precisely what makes it appealing to those seeking a high-risk, high-reward asset to stockpile. Marketed as the world’s […]
XRP Price Prediction: Price Compression and Higher ETF Approval Odds Could Propel XRP to $4
XRP trading volumes have doubled in the past 24 hours. Although the price action has not reacted as expected yet, something could be brewing as bulls could be accumulating tokens at these low prices in anticipation of the token’s next leg up. Yesterday, the market reacted quite positively to the approval of the first Solana […]
Which Crypto ETFs Could Get SEC Approval in 2025? Here Are the Chances
With the U.S. Securities and Exchange Commission (SEC) already greenlighting spot Bitcoin and Ethereum ETFs, attention is now turning to the next wave of crypto-backed exchange-traded funds.
Top Trending Cryptocurrencies Today
As crypto markets navigate another week of volatility and shifting sentiment, traders are increasingly turning their attention to emerging altcoins and high-momentum tokens.
-
1
Is a New Altcoin Cycle Brewing in 2025?
13.06.2025 12:00 1 min. read -
2
Pi Token Squeezes Higher After Brief Collapse—Path to $10 Still Murky
16.06.2025 14:00 1 min. read -
3
Crypto Whale Makes $3.5M Shorting Altcoins on Hyperliquid
15.06.2025 15:00 1 min. read -
4
BTC Bull Token Price Prediction: The Next Crypto with 1000% Potential?
25.06.2025 18:55 4 min. read -
5
Solana Exchange Balances Surge as Bearish Signals Grow
13.06.2025 18:25 1 min. read