{"id":16388,"date":"2024-08-26T12:42:54","date_gmt":"2024-08-26T09:42:54","guid":{"rendered":"https:\/\/forklog.com\/en\/stablecoin-market-capitalization-reaches-record-168-billion\/"},"modified":"2024-08-26T12:42:54","modified_gmt":"2024-08-26T09:42:54","slug":"stablecoin-market-capitalization-reaches-record-168-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/stablecoin-market-capitalization-reaches-record-168-billion\/","title":{"rendered":"Stablecoin Market Capitalization Reaches Record $168 Billion"},"content":{"rendered":"<p>The combined market capitalization of stablecoins has reached a new all-time high of $168 billion, marking an 11-month streak of growth.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">And just like that, we&#8217;re at a new all-time high.<\/p>\n<p>Total stablecoin market cap, excluding algorithmic stables, is now at the highest point ever, surpassing its previous high from early 2022.<\/p>\n<p>New money is entering crypto. <a href=\"https:\/\/t.co\/xi25HLWlPr\">pic.twitter.com\/xi25HLWlPr<\/a><\/p>\n<p>\u2014 Patrick Scott | Dynamo DeFi (@Dynamo_Patrick) <a href=\"https:\/\/twitter.com\/Dynamo_Patrick\/status\/1827747972353843663?ref_src=twsrc%5Etfw\">August 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Crypto analyst Patrick Scott (Dynamo DeFi) interpreted the trend as a sign of &#8220;new money entering crypto.&#8221;<\/p>\n<p>The expert expressed confidence that the inflows are driven by retail rather than institutional investors.<\/p>\n<p>The previous peak in the sector&#8217;s capitalization was recorded in March 2022 at $167 billion. By the end of that year, the metric had fallen to $135 billion. These figures exclude <a href=\"https:\/\/uploads-ssl.webflow.com\/63e3774c88285e5c6cbf3b9d\/66572af8f3f0dc56329149d3_Stablecoins%20%26%20CBDCs%20Report%20May%202024.pdf?utm_medium=email&#038;_hsenc=p2ANqtz-_zHfkd4OOzpiSw968fQu7LwSun25nsUuGzqStqpHStCKpkTICPDpmSlIdqj-bhEPntYe_527OOE3gMt4S3yeH8V-V__QSA-83TaHQw7Vs_THD954Q&#038;_hsmi=88566049&#038;utm_content=88566049&#038;utm_source=hs_automation\">algorithmic stablecoins<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1170.webp\" alt=\"1-1170\" class=\"wp-image-239635\"\/><figcaption class=\"wp-element-caption\">Source: Defi Llama.<\/figcaption><\/figure>\n<p>USDT remains the leader among &#8220;stable coins.&#8221; Since the beginning of the year, its capitalization has grown from $91.69 billion to over $117 billion.<\/p>\n<p>During the same period, the combined market capitalization of USDC increased to over $34 billion. The metric&#8217;s peak in June 2022 was $55.8 billion.<\/p>\n<p>According to <a href=\"https:\/\/uploads-ssl.webflow.com\/63e3774c88285e5c6cbf3b9d\/66572af8f3f0dc56329149d3_Stablecoins%20%26%20CBDCs%20Report%20May%202024.pdf?utm_medium=email&#038;_hsenc=p2ANqtz-_zHfkd4OOzpiSw968fQu7LwSun25nsUuGzqStqpHStCKpkTICPDpmSlIdqj-bhEPntYe_527OOE3gMt4S3yeH8V-V__QSA-83TaHQw7Vs_THD954Q&#038;_hsmi=88566049&#038;utm_content=88566049&#038;utm_source=hs_automation\">CCData<\/a>, stablecoin trading volume in July decreased by 8.35% to $795 billion, due to reduced trading activity on centralized exchanges.\u00a0<\/p>\n<p>Analysts suggest that concerns about the future of USDT in Europe following the launch of MiCA might be one of the reasons.<\/p>\n<p>Earlier, Bernstein estimated the stablecoin market to reach $2.8 billion in five years.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The combined market capitalization of stablecoins has reached a new all-time high of $168 billion, marking an 11-month streak of growth. And just like that, we&#8217;re at a new all-time high. Total stablecoin market cap, excluding algorithmic stables, is now at the highest point ever, surpassing its previous high from early 2022. New money is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1145,807,1245,910],"class_list":["post-16388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-market-analysis","tag-stablecoins","tag-tether-usdt","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16388"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16387"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}