Stablecoin Market Cap, Approximately 343.6 Trillion Won… Increased by 0.61% from the Previous Week
Minseung Kang
Summary
- It was reported that the total stablecoin market cap increased by 0.61% from the previous week to approximately 343.5964 trillion won.
- It was stated that Tether (USDT) accounts for 61.86% of the total stablecoin market cap.
- An increase in the issuance and holdings of stablecoins is interpreted as a bullish signal indicating an expansion of purchasing power in the market.
The market cap of major stablecoins such as Tether (USDT) and USDCoin (USDC) has shown a slight increase compared to the previous week.
According to DeFiLlama, a decentralized finance (DeFi) analysis platform, the total market cap of stablecoins including USDT is estimated to be approximately $233.525 billion (about 343.5964 trillion won). This is an increase of 0.61% from the previous week.
Currently, Tether accounts for 61.86% of the total stablecoin market cap.
Generally, an increase in the issuance and holdings of stablecoins indicates an expansion of purchasing power in the market, which is interpreted as a bullish signal. Conversely, a decrease is considered a contraction in demand for virtual assets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
