Stablecoin Market Rockets by $2.5B in 10 Days, Big Players Take the Lead The stablecoin market is on fire, with a whopping
$140.82 billion in value, as per coingecko.com. That's a remarkable surge of
$2.56 billion since Feb. 14, 2024. Talk about growth!
Leading the pack is
tether (USDT), flexing its muscles with a market cap of
$97.89 billion, up from $96.52 billion in January. A solid
2.5% increase in supply shows it means business.
Not to be outdone,
usd coin (USDC) struts its stuff with a cool
$28.14 billion market value, boasting an impressive
8.9% supply boost in just 30 days.
Makerdao's DAI and FDUSD are also making waves, with their market values climbing to
$4.93 billion and
$3.31 billion, respectively.
Trueusd (TUSD) takes a slight dip to
$1.25 billion, but don't count it out just yet – it's trading below parity at $0.973 per unit.
While Tron's USDD and frax dollar (FRAX) hold steady, ethena usde (USDE) steals the show with an incredible
224.9% supply surge since January.
In the mid-cap arena, USDE stands tall at
$427.14 million, while Paypal's PYUSD clocks in at a solid
$304 million.
On the flip side, pax dollar (USDP), Gemini's GUSD, and BUSD face some headwinds, but the stablecoin market remains a dynamic and ever-evolving landscape.
