Stablecoin Market Cap, Approximately 333 Trillion Won… Decreased by 0.67% Compared to Last Week
Minseung Kang
Summary
- DeFiLlama announced that the market capitalization of stablecoins decreased by 0.67% compared to last week.
- It was reported that Tether accounts for 62.05% of the total stablecoin market capitalization.
- The decrease in stablecoins can be interpreted as a decrease in demand for virtual assets.
The market capitalization of stablecoins such as Tether (USDT) and USDC has slightly decreased compared to last week.
According to the decentralized finance (DeFi) dashboard DeFiLlama on the 12th, the market capitalization of stablecoins including USDT was estimated at approximately 233.5 billion dollars (about 333 trillion 43 billion won). This is a 0.67% decrease compared to the previous week.
Currently, Tether accounts for 62.05% of the total stablecoin market capitalization.
Typically, an increase in the issuance and holding of stablecoins can act as a bullish signal as it may indicate increased buying pressure in the market. Conversely, it can be interpreted as a decrease in demand for virtual assets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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