The total capitalization of stablecoins exceeded $160 billion
An increase in the indicator means an influx of "new money" into the segment, an increase in demand for stablecoins, Nansen analysts noted. This, they believe, is a bullish factor.
Coin98 experts noted that since the beginning of the year, the total market capitalization of "stable coins" has increased by $30 billion. In particular: USDT — +$19.7 billion, USDC — +$8.7 billion.
In the segment, as before, USDT from Tether is leading — its capitalization exceeds $110 billion. The corresponding figure for USDC is $32.5 billion. In third place is DAI from MakerDAO — $5.2 billion.
The total market value of Athena Labs' "synthetic dollar" USDe has increased by 10.7% over the past 30 days, surpassing $2.6 billion.
The aggregate capitalization of algostablecoins is relatively small compared to centralized counterparts like USDT — $10.14 billion.