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Stablecoin capitalization surpassed $160 billion

The total market capitalization of “stable coins” has surpassed $160 billion.

An increase in the indicator means the arrival of “new money” into the segment and an increase in demand for stablecoins, Nansen analysts noted. This, they believe, is a bullish factor.

Coin98 experts noted that since the beginning of the year, the total market capitalization of “stable coins” has grown by $30 billion. Including: USDT – +$19.7 billion, USDC – +$8.7 billion.

USDT from Tether is still the leader in the segment – its capitalization exceeds $110 billion. The corresponding indicator for USDC is $32.5 billion. In third place is DAI from MakerDAO – $5.2 billion.

The total market value of the “synthetic dollar” USDe from Ethena Labs has increased by 10.7% over the past 30 days, exceeding $2.6 billion.

The total capitalization of algostablecoins is relatively small compared to centralized counterparts like USDT – $10.14 billion.

Source: Cryptocurrency

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