Stablecoin Market Cap Hits $168B After 11 Months of Growth
The stablecoin market has reached a new milestone, achieving an all-time high of $168 billion in market capitalization. This remarkable
A stablecoin is a cryptocurrency that aims to maintain price stability by pegging its monetary value to a given fiat currency, typically on a 1:1 ratio. It can be backed by cash, cash equivalents, commodity values, or other financial instruments.
Stablecoins adopting cryptocurrencies as a direct replacement for conventional fiat currency requires stability. This currency can compromise a holder’s purchasing power. Stablecoins, such as Tether (USDT), USD Coin (USDC), Binance USD(BUSD), Dai(DAI), and TrueUSD(TUSD) are some of the popular stablecoins.
Stablecoins aim to keep the same price in a given currency, unlike other cryptocurrencies, which may fluctuate relative to the pegged currency. For example, a $1 stablecoin would maintain its price of $1. Get the latest news about Stablecoin from CryptoTale.
The stablecoin market has reached a new milestone, achieving an all-time high of $168 billion in market capitalization. This remarkable
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The circulating supply of USD Coin (USDC) has recently surged by over $34 billion, marking a significant boost to its
In 2024, Circle’s USD Coin (USDC) emerged as a frontrunner in the realm of regulated stablecoins, riding a wave of
PayPal Holdings, Inc. announced that PayPal USD (PYUSD) will be available on the Solana blockchain at Consensus 2024 in Austin,
Circle’s USDC stablecoin has dethroned Tether’s USDT as the leader in transaction volume for 2024, according to data compiled by
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