👉Stablecoins surpassed a market cap of $200 billion.

👉USDT and USDC are dominating the stablecoins market.

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The Stablecoin market cap leapfrogged the $211 billion mark amid USDC’s positive momentum. As per the recent report by Alphractal, a data analysis platform, the stablecoin market has witnessed tremendous growth since 2023 which was driven by USDT (Tether).

According to a report, the stablecoin market surged by 73% from $121.18 billion in August 2023 and hit an all-time high of $211 billion. Among all stablecoins, USDT shows a robust performance.#USDT #USDC #Tether