{"id":81263,"date":"2023-07-05T14:01:26","date_gmt":"2023-07-05T11:01:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81263"},"modified":"2025-09-11T21:48:14","modified_gmt":"2025-09-11T18:48:14","slug":"fitch-stablecoin-capitalisation-edges-up-amid-bitcoin-rally","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fitch-stablecoin-capitalisation-edges-up-amid-bitcoin-rally\/","title":{"rendered":"Fitch: Stablecoin capitalisation edges up amid Bitcoin rally"},"content":{"rendered":"<p>The &#8216;<a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a>&#8216; sector did not fully benefit from Bitcoin&#8217;s rally to year-to-date highs. Fitch noted this, writes<a href=\"https:\/\/www.theblock.co\/post\/237697\/crypto-market-comeback-hasnt-helped-stablecoin-volumes-says-fitch\"> The Block<\/a>.<\/p>\n<p>According to CoinGecko, after the June 15 news of <a href=\"https:\/\/forklog.com\/en\/news\/blackrock-files-for-bitcoin-etf-launch\">BlackRock<\/a> filing for a <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">Bitcoin-ETF<\/a>, the leading cryptocurrency rose from $25,600 to $30,500 (at one point <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-price-breaks-through-31000-level\">surpassing $31,000<\/a>).<\/p>\n<p>Over the same period, the capitalization of stablecoins rose from $124.66 billion to $128.66 billion, according to<a href=\"https:\/\/www.coingecko.com\/en\/categories\/stablecoins\"> CoinGecko<\/a>. At the start of the year, the figure was above $138 billion.<\/p>\n<p>Analysts noted a decline in the daily trading volume of &#8216;stablecoins&#8217; from $53 billion in March to $28 billion in May.<\/p>\n<p>Experts noted improved liquidity of the assets as issuers altered their reserve-asset structures.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;In backing <\/em><a href=\"https:\/\/forklog.com\/en\/news\/what-is-tether-usdt\"><em>USDT<\/em><\/a><em>, in the first quarter the share of Treasuries and <\/em><a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%A1%D0%B4%D0%B5%D0%BB%D0%BA%D0%B0_%D0%A0%D0%95%D0%9F%D0%9E\"><em>\u0441\u0434\u0435\u043b\u043e\u043a \u0420\u0415\u041f\u041e<\/em><\/a><em> rose by 6 percentage points and 5 percentage points respectively, reaching 65% and 10%\u00bb,<\/em> \u2014 analysts calculated.<\/p>\n<\/blockquote>\n<p>Analysts arrived at similar conclusions regarding BUSD reserves.<\/p>\n<p>Earlier, Berenberg analysts named stablecoins and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-decentralised-finance-defi\">DeFi<\/a> as a potential<a href=\"https:\/\/forklog.com\/en\/news\/berenberg-names-the-secs-next-victims\">next target <span data-descr=\"US Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span><\/a> in the fight against the crypto industry.<\/p>\n<p>Earlier, the head of the <span data-descr=\"US Federal Reserve\" class=\"old_tooltip\">Fed<\/span> Jerome Powell acknowledged that &#8216;stablecoins&#8217; are money and called for their regulation.<\/p>\n<p>In June, lawmakers in the US Congress introduced the third version of the sector oversight document. They proposed the Federal Reserve as the regulator. This would require the Fed to prepare future requirements for stablecoin issuance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The stablecoins&#8221; sector did not fully benefit from the rally in digital gold to year-to-date highs. Fitch notes this.<\/p>\n","protected":false},"author":1,"featured_media":81264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,2102,807],"class_list":["post-81263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-fitch-ratings","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81263","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=81263"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81263\/revisions"}],"predecessor-version":[{"id":81265,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81263\/revisions\/81265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/81264"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=81263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=81263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=81263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}