Stablecoin market capitalization 403 trillion won…up 0.95% compared to the previous week
Minseung Kang
Summary
- Reported that the market capitalization of major stablecoins increased by 0.95% compared to the previous week.
- Said the total stablecoin market capitalization was about 403 trillion won, with Tether accounting for 58.84%.
- Noted that, generally, increases in stablecoin issuance and holdings are interpreted as factors that raise market buying pressure.
The market capitalizations of major stablecoins such as Tether (USDT) and USDC appeared to have slightly increased compared to the previous week.
On the 13th, according to DeFiLlama, the decentralized finance (DeFi) data platform, the total market capitalization of all stablecoins, including USDT, was approximately $289.406 billion (about 403 trillion won). This represents a 0.95% increase compared to the previous week.
Currently, Tether's share of the total stablecoin market capitalization stands at 58.84%. Generally, an increase in stablecoin issuance and holdings is interpreted as a factor that increases market buying pressure. Conversely, a decline may indicate a contraction in demand for crypto assets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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