Stablecoin Market Cap Surpasses 290 Trillion Won… "Increased by 58 Trillion Won Since Trump's Election"

The market capitalization of stablecoins like Tether (USDT) has surpassed $200 billion (approximately 290 trillion won), reaching an all-time high. Notably, since the election of Donald Trump as President of the United States, it has surged by $40 billion (approximately 58 trillion won).

On the 31st, the cryptocurrency-focused media outlet CoinDesk, citing data from the cryptocurrency analysis platform CryptoQuant, reported, "The market capitalization of stablecoins has surpassed $200 billion, reaching an all-time high," and added, "Since President Trump's election, the market cap has surged by $40 billion."

In particular, the market capitalization of USD Coin (USDC) has surged by 48% since November last year, showing rapid growth. During the same period, the market cap of USDT increased by 15%, maintaining its dominance in the stablecoin market.

CryptoQuant analyzed, "As stablecoin liquidity increases again, the next bullish phase of the cryptocurrency market, including Bitcoin (BTC), may be approaching."

Typically, an increase in the issuance and holdings of stablecoins can act as a factor for rising buying pressure in the market, which is considered a bullish signal. Conversely, it can be interpreted as a decrease in demand for cryptocurrencies.