Stablecoin Market Capitalization at Approximately ₩344.2 Trillion… Up 0.69% from Last Week
Minseung Kang
Summary
- Recently, the stablecoin market capitalization was about ₩344.267 trillion, marking a 0.69% increase from the previous week.
- It was reported that Tether accounts for 62.10% of the entire stablecoin market capitalization.
- An increase in stablecoin issuance and holdings can be interpreted as a factor for rising buying pressure, seen as a bullish signal.
The market capitalization of stablecoins such as Tether (USDT) and USD Coin (USDC) showed a slight increase compared to the previous week.
According to the DeFi dashboard DeFiLlama on the 14th, the market capitalization of stablecoins including USDT was recorded at approximately $251.694 billion (about ₩344.267 trillion). This is an increase of 0.69% from the previous week.
Currently, Tether accounts for 62.10% of the total stablecoin market capitalization.
Typically, an increase in stablecoin issuance and holdings can act as a factor for rising buying pressure in the market, which is regarded as a bullish signal. Conversely, a decrease may be interpreted as a sign of reduced 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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