Stablecoin market capitalization, about 443 trillion won… down 0.41% from the previous week
Summary
- Stablecoin market capitalization was reported at approximately 304.246 billion dollars (about 443 trillion won).
- It said this represents a 0.41% decrease from the previous week, indicating a slight reduction in stablecoin supply.
- It added that a decrease in stablecoin supply suggests a potential contraction in crypto asset demand.
Stablecoin market capitalization has shown a slight decrease compared to the previous week.
On the 15th, according to the decentralized finance (DeFi) dashboard DeFiLlama, the market capitalization of stablecoins, including USDT, was approximately 304.246 billion dollars (about 443 trillion won). This is a decrease of 1.244 billion dollars (0.41%) compared to the previous week.
Currently, tether (USDT) accounts for 60.44% of the total stablecoin market capitalization.
Generally, an increase in stablecoin issuance and holdings can act as a factor increasing buying pressure in the market and is considered a bullish signal. Conversely, a decrease in stablecoin supply is interpreted as an indication that demand for crypto assets has somewhat contracted.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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