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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Experience to Earn: Everdome’s Metaverse Frontier

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
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    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

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    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

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    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

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    NFTs Stage a Summer Comeback: Blue-Chips Reclaim Spotlight in July Rally

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    On-Chain Games Don’t Have a ‘Secret Sauce,’ YGG’s New Advisor Says

  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

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  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Altcoins

Stablecoin market cap hits $141B: What it means for you

March 4, 2024
in Altcoins
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Stablecoin market cap hits $141B: What it means for you
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  • The stablecoin market cap hit a 15-month high of $141 billion.
  • USDC’s market cap growth outpaced USDT.

In what was a sign of a clear bullish sentiment, the global stablecoin value recovered to levels last seen before the onset of the crypto bear market.

The market capitalization of such cryptos, which mimic the stability of national currencies, hit a 15-month high of $141 billion at press time, AMBCrypto noticed using DeFiLlama data,

Stablecoin market cap

Source: DeFiLlama

Institutional investors driving demand?

An increase in stablecoin supply typically suggests increasing capital inflows into the crypto market.

This is because most traders from traditional markets would use stablecoins to enter and exit trades on crypto exchanges.

The approval of spot Bitcoin [BTC] ETFs spurred demand for cryptocurrencies, causing many TradFi giants to enter the crypto landscape.

Most of these institutional investors have been steadily increasing their stablecoin holdings since the approval.

Notably, whale wallets accounted for 54% of the total stablecoin supply at press time, up from 49% on the approval day, according to AMBCrypto’s analysis of Santiment data.

Whales corner majority of stablecoin supply

Source: Santiment

The total number of stablecoins on exchanges witnessed an uptick in the last week, as per AMBCrypto’s assessment of CryptoQuant data, a sign of increasing buying pressure.

Note that BTC rose 25% over the week. Hence, it was likely that investors moved stablecoins to exchanges to purchase the king coin.

Stablecoin exchange reserve

Source: CryptoQuant

USDC surpasses USDT’s growth

Leading assets of the ecosystem exhibited strong growth since the beginning of the year, according to data from Glassnode.

The largest stablecoin Tether [USDT] added more than $7 billion to its market cap year-to-date (YTD), marking a growth rate of 8%.

See also  Can Chainlink [LINK] break out in the next 30 days?

Seen as the bellwether of the broader market, USDT was eyeing a $1 trillion market cap in the coming days.

USDC vs USDT growth

Source: Glassnode

USDT’s growth was outpaced by USD Coin [USDC], the second-largest stablecoin, which grew more than 17% YTD.

This was a marked turnaround from 2023 during which the asset lost 45% of its market cap owing to the banking crisis of March.

Next: BONK surges by 55%: Are more gains ahead?

READ ALSO

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

Toncoin heats up: What does $398M in trading volume indicate?


  • The stablecoin market cap hit a 15-month high of $141 billion.
  • USDC’s market cap growth outpaced USDT.

In what was a sign of a clear bullish sentiment, the global stablecoin value recovered to levels last seen before the onset of the crypto bear market.

The market capitalization of such cryptos, which mimic the stability of national currencies, hit a 15-month high of $141 billion at press time, AMBCrypto noticed using DeFiLlama data,

Stablecoin market cap

Source: DeFiLlama

Institutional investors driving demand?

An increase in stablecoin supply typically suggests increasing capital inflows into the crypto market.

This is because most traders from traditional markets would use stablecoins to enter and exit trades on crypto exchanges.

The approval of spot Bitcoin [BTC] ETFs spurred demand for cryptocurrencies, causing many TradFi giants to enter the crypto landscape.

Most of these institutional investors have been steadily increasing their stablecoin holdings since the approval.

Notably, whale wallets accounted for 54% of the total stablecoin supply at press time, up from 49% on the approval day, according to AMBCrypto’s analysis of Santiment data.

Whales corner majority of stablecoin supply

Source: Santiment

The total number of stablecoins on exchanges witnessed an uptick in the last week, as per AMBCrypto’s assessment of CryptoQuant data, a sign of increasing buying pressure.

See also  Ethereum hits 100 mln addresses even as ETH struggles

Note that BTC rose 25% over the week. Hence, it was likely that investors moved stablecoins to exchanges to purchase the king coin.

Stablecoin exchange reserve

Source: CryptoQuant

USDC surpasses USDT’s growth

Leading assets of the ecosystem exhibited strong growth since the beginning of the year, according to data from Glassnode.

The largest stablecoin Tether [USDT] added more than $7 billion to its market cap year-to-date (YTD), marking a growth rate of 8%.

Seen as the bellwether of the broader market, USDT was eyeing a $1 trillion market cap in the coming days.

USDC vs USDT growth

Source: Glassnode

USDT’s growth was outpaced by USD Coin [USDC], the second-largest stablecoin, which grew more than 17% YTD.

This was a marked turnaround from 2023 during which the asset lost 45% of its market cap owing to the banking crisis of March.

Next: BONK surges by 55%: Are more gains ahead?
Tags: 141BcaphitsmarketMeansStablecoin

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