Stablecoins Skyrocket: 319% Growth Since 2021
The stablecoin market has experienced explosive growth, surging 319% since early 2021 to reach a valuation of $200.64 billion.
Tether (USDT) leads with a $132.79 billion market cap, climbing over 300% from $33.13 billion in 2021. Circle’s USDC saw an even sharper rise of 432%, now valued at $39.08 billion. Stablecoins have evolved into key players in the crypto economy, now comprising 5.7% to 6% of the $3.33 trillion market.
With yield-bearing options like USDS and USDE emerging, stablecoins are not just providing liquidity but are also reshaping global financial systems and digital finance’s future.
Clever Robot News Desk 30th November 2024
