Alisa Davidson
Printed: February 11, 2025 at 9:26 am Up to date: February 11, 2025 at 9:26 am
Edited and fact-checked:
February 11, 2025 at 9:26 am
In Temporary
Glassnode notes that the circulating provide of stablecoins has risen from $194.2 billion to $211.2 billion, indicating a resurgence in liquidity growth after a interval of slower development.
Cryptocurrency market analytics agency Glassnode revealed a report indicating that the circulating provide of stablecoins has risen by $16.97 billion for the reason that begin of 2025, rising from roughly $194.2 billion to about $211.2 billion. This development, nevertheless, has not been constant, as the speed of growth slowed in early 2025 earlier than experiencing a pickup in February.
The evaluation revealed that all through November and December 2024, stablecoins had been rising by roughly $450 million per day. This development fee declined to roughly $400 million per day in January 2025, however February noticed a notable restoration, with each day development reaching $541 million. The stablecoins concerned on this development embrace USDT, USDC, USDE, DAI, FDUSD, PYUSD, TUSD, and FRAX.
Moreover, momentum elevated in mid-January when the 7-day transferring common (SMA) surpassed the 30-day SMA, indicating heightened short-term demand. Glassnode suggests this shift indicators a resurgence in liquidity growth following a interval of slower development.
Stablecoin Market Cap Surpasses $200B, Highlighting Their Rising SignificanceÂ
In the meantime, in accordance with knowledge from Alphractal, the stablecoin market capitalization has not too long ago reached an all-time excessive following a sustained interval of development since mid-2023. The market cap surged by 73%, rising from $121.18 billion in August 2023 to a peak of $211 billion by the top of January 2024. Throughout this era, USDC has gained traction, surpassing different stablecoins in market share.
When inspecting the market capitalization of stablecoins, excluding Tether’s USDT and USDC, the expansion has been extra average since 2024. This means that USDT and USDC proceed to dominate the stablecoin market, remaining the 2 most generally most well-liked choices.
USDT, the biggest stablecoin by market cap, reached a document excessive of $140 billion in December 2023. As of the time of writing, its market cap stands at $141.9 billion, in accordance with knowledge from ConMarketCap.
A current forecast by HashKey Group means that the market capitalization of stablecoins may attain $300 billion all through 2025, pushed by accelerating adoption.Â
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About The Writer
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
