Stablecoin Market Soars: $4.46B Surge in Just 12 Days! The stablecoin market is on fire, reaching a whopping
$155.86 billion valuation on April 12, 2024. With a daily trade volume of
$65.01 billion, these digital assets are making waves.
Tether (USDT) takes the lead, flexing its muscles with a
4.7% supply increase and an impressive market cap of around
$107.16 billion. It's the heavyweight champion, commanding over
68% of the stablecoin market.
Circle's USDC and Makerdao's DAI put up a good fight too, with modest gains of
5.3% and
7.9% respectively. While USDC's market cap dipped slightly to
$32.02 billion, DAI proudly stands at
$4.93 million.
FDUSD is not far behind, soaring from
$2.56 billion to an impressive
$3.93 billion in just a dozen days – talk about growth!
But hold on tight – Ethena's USDE is the dark horse here, galloping ahead with an astonishing
149.4% surge, catapulting its market cap from
$1.53 billion to a staggering
$2.38 billion.
Together, these five stablecoins dominate the scene, accounting for an overwhelming majority of the market at a staggering
96.5%, with Tether leading the pack in both value and trading volume.
While DAI and USDE may not be as active in trading due to staking activities, the stablecoin market shows no signs of slowing down – it's a wild ride for sure!
Remember, in this fast-paced crypto world, things can change in a blink. Stay tuned for more updates on the ever-evolving stablecoin market!
