Stablecoin market capitalization, about 445 trillion won… up 0.51% from the previous week
Minseung Kang
Summary
- It reported that stablecoin market capitalization increased by 0.51% compared with the previous week to about 445 trillion won.
- It said that Tether accounts for 59.26% of the total market capitalization.
- Generally, it said that increases in stablecoin issuance and holdings are interpreted as a bullish signal because they can be factors that increase buying pressure in the market.
The market capitalization of stablecoins such as Tether (USDT) and USDC was slightly higher compared with the previous week.
On the 25th, according to decentralized finance (DeFi) dashboard DeFiLlama, the market capitalization of stablecoins including USDT was approximately $309.02 billion (about 445 trillion won). This is an increase of $1.553 billion (0.51%) from the previous week.
Tether currently accounts for 59.26% of the total stablecoin market capitalization.
Typically, increases in stablecoin issuance and holdings can act as a factor increasing buying pressure in the market and are considered a bullish signal. The opposite can be interpreted as meaning demand for crypto assets has decreased.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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