Stablecoin Market Cap Hits $140B, Highest Since 2022 Amid USDC | Blockchain Explained
Stablecoin Market Cap Hits $140B, Highest Since 2022 Amid USDC Resurgence, Tether Growth
The stablecoin market's expansion is accelerating this year as fresh money continues to enter into the digital asset market, fueling the crypto rally. The total market capitalization of stablecoins recently climbed past $140 billion in February, according to CoinMarketCap. This is the highest level since December 2022, DefiLlama data shows. They thus serve a key role for digital asset markets, making the growing market cap an important milestone for the broader crypto market.
