Stablecoins Hit $200 Billion—A Massive Crypto Rally Ahead?
In the past few months, StableCoins has attracted the attention of their more speculative peers, including tokens inspired by politicians. However, the recent chain data shows that stablecoins have returned again, exceeding the market value of more than $ 200 billion.
Related reading
According to the shared data letterDue to the stable growth of months, the capitalization of the department has soared to US $ 21.1 billion, a record height, and the growth began in mid -2023.
StableStarting from the value of $ 121 million in August 2023, the market value has increased by 73 %, which is updated data released on January 31. The main driving force of this field is Tether’s USDT, but USDC has been growing up recently, which is fascinating.
InStablecoin market value exceeds $ 211B -USDC growth momentum!
Since 2023, the Stablecoin market has been greatly developed, mainly driven by USDT (Tether). However, recently, USDC has become an advantage over other Stablecoins.
This trend is happening due to the recent decline. pic.twitter.com/irkrqermce
-M letter (@Alphractal) January 31, 2025
Tether’s USDT is still the main driving force for growth
Since 2023, the Stablecoin market has been stable, mainly due to USDTEssence As of now, Stablecoins is worth $ 223 billion, an increase of 0.2 % over yesterday.
Interestingly, USDT and USDC are the current growth momentum of Stablecoins. Except for the number of two coins, the Stablecoins group has not changed much since 2023, and it has shown a stable and peaceful value. At present, Tether’s USDT value is nearly $ 140 billion, and USDC It is $ 53 billion.
USDC slowly gets the ground on other coins
Alphractal’s posts on Twitter/X show that USDC’s other StableCoins in the market are becoming more and more important. According to the report, this is due to the decline in the price of Altcoin USDC.
The post also shows that the dominant position of USDC in this market segment has reached a key resistance level, which is the same as the number observed in 2021. This was the beginning of the bear market in 2022, when the price of Bitcoin fell to $ 15,500. If the indicator continues, it can be used as a market loser signal, which will affect investors’ purchase decisions. However, if the indicator decreases, it can be the jumping board of USDC to claim a new high.
Related reading
In the short term, the expectations of the Stablecoins segment market
During the last bull running, the supply of USDC increased in May, and then reached the highest point in March 2022. From April 2021 to March 2022, Stablecoin’s market value increased by 170 %. If the current coin supply continues to grow, but the price begins to fall, but then the price will fall, then the Stablecoin market may reach its peak within a few months.
Traditionally, the market value of Stablecoins has continued to rise, reflecting the increasing confidence of investors, which indicates that capital inflows have increased.
On the contrary, the rise in stable stable market value is usually related to the increasing investors’ conviction, which shows that the potential for increasing capital inflows. This shows that the momentum of watching bullish may last for several months.
Gemini Imagen’s characteristic images, tradingView chart
