{"id":19369,"date":"2024-12-10T11:35:18","date_gmt":"2024-12-10T09:35:18","guid":{"rendered":"https:\/\/forklog.com\/en\/stablecoin-market-capitalization-surpasses-200-billion\/"},"modified":"2024-12-10T11:35:18","modified_gmt":"2024-12-10T09:35:18","slug":"stablecoin-market-capitalization-surpasses-200-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/stablecoin-market-capitalization-surpasses-200-billion\/","title":{"rendered":"Stablecoin Market Capitalization Surpasses $200 Billion"},"content":{"rendered":"<p>The combined market capitalization of stablecoins <a href=\"https:\/\/www.coingecko.com\/en\/categories\/stablecoins\">has reached $204 billion<\/a>, marking a 3% increase over the past seven days. <a href=\"https:\/\/www.coinbase.com\/en-gb\/institutional\/research-insights\/research\/weekly-market-commentary\/weekly-2024-12-06\">Coinbase<\/a> attributed this trend to a sharp rise in on-chain lending rates.<\/p>\n<p>USDT ($138.45 billion) accounts for 67.8% of the total token supply. The share of USDC is 19.9% ($40.69 billion).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1351.webp\" alt=\"1-1351\" class=\"wp-image-247238\"\/><figcaption class=\"wp-element-caption\">Data: CoinGecko.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201c[The increase in capitalization] indicates an influx of new capital. [\u2026] Investors are eager to capitalize on high lending rates, which are more than three times the yield of long-term bonds,\u201d<\/em> the report states.<\/p>\n<\/blockquote>\n<p>Coinbase analysts also noted that USDC deposit figures have doubled over the past month.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThey have surged to 10-20% annually on <\/em><em>Aave<\/em><em> and <\/em><em>Compound<\/em><em> across almost all deployed networks, including Ethereum and <\/em><em>Base<\/em><em>,\u201d<\/em> the analysts stated.<\/p>\n<\/blockquote>\n<p>Experts also highlighted the growth of <span data-descr=\"total value locked\" class=\"old_tooltip\">TVL<\/span> in lending protocols to a record $54 billion. The previous peak was $52 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-972.webp\" alt=\"2-972\" class=\"wp-image-247239\"\/><figcaption class=\"wp-element-caption\">Data: Coinbase.<\/figcaption><\/figure>\n<p>Additionally, experts cited investors&#8217; search for speculative deals as a driver. They mentioned the hype surrounding the HyperLiquid project airdrop and the launch of new AI agent protocols.<\/p>\n<p>Earlier, Andreessen Horowitz (a16z) predicted the gradual replacement of daily credit card transactions with stablecoins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The combined market capitalization of stablecoins has reached $204 billion, marking a 3% increase over the past seven days. Coinbase attributed this trend to a sharp rise in on-chain lending rates. USDT ($138.45 billion) accounts for 67.8% of the total token supply. The share of USDC is 19.9% ($40.69 billion). Data: CoinGecko. \u201c[The increase in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19368,"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":[1212,138,1494,1145,807,910],"class_list":["post-19369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aave","tag-coinbase","tag-compound-comp","tag-market-analysis","tag-stablecoins","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19369","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=19369"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19368"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}