Summary
- Matrixport reported that stablecoins are leading the growth of the virtual asset industry.
- According to the report, the market capitalization of Tether (USDT) and USDC has increased significantly since last November.
- The two stablecoins recorded $76 billion in new capital inflows, strengthening the industry's foundation.
There are claims that stablecoins are driving the growth of the virtual asset (cryptocurrency) industry.
On the 13th (local time), Matrixport stated in a report, "Stablecoins are leading the growth of the virtual asset industry," adding, "Since November of last year, the market capitalization of Tether (USDT) and USDC surged from $120 billion and $34 billion to $165 billion and $65 billion, respectively."
It continued, "Just these two stablecoins alone recorded $76 billion in new capital inflows," and added, "Taking into account other channels, stablecoins are certainly strengthening the industry's foundation."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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