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In recent months, Stablecoins have given attention to their more speculative counterparts, including tokens inspired by politicians. However, recent data on the chain suggests that Stablecoins are back and have surpassed the market capitalization of $ 200 billion.
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According to the data that is shared by AlfractalThe capitalization of the segment has risen to $ 211 billion, a record high, thanks to months of stable growth, which started in mid -2023.
Stablecoins‘Market capitalization grew by 73% compared to the value of August 2023 of $ 121 billion, added data released on January 31. The primary motivation of the growth of this segment is still the USDT of Tether, but USDC has recently gained ground, which is fascinating.
🚨 stablecoin Market Cap surpasses $ 211 billion – USDC is gaining strength!
Since 2023, the Stablecoin market has grown considerably, mainly driven by USDT (Tether). However, USDC has recently been given a lead compared to other Stablecoins.
This trend takes place because of the recent drop in … pic.twitter.com/Rrkqermce
– Alphractal (@alphractal) January 31, 2025
Tether’s USDT remains the primary motivation of growth
The Stablecoin market has become steadily since 2023, usually because of Tether’s USDT. From now on Stablecoins are worth $ 223 billion, which is an increase of 0.2% compared to yesterday.
Interesting is that USDT and USDC are the current growth factors of Stablecoins. Apart from the figures of both coins, the Stablecoins group has not changed much since 2023 and has shown the steady and average values. At present, Tether’s USDT is appreciated at almost $ 140 billion, and USDC Is for $ 53 billion.
USDC slowly gets terrain on other coins
The message from Alphractal on Twitter/X shows that USDC has won terrain about other stablecoins on the market. According to the post this is done due to a decrease in Altcoin prices and since a significant part of the sale has been exchanged in USDC.
The post also showed that the Dominance of USDC has reached an important resistance level in this segment, observed the same amount in 2021. This was the start of the Berenmarkt in 2022 when the price of Bitcoin dropped to as low as $ 15,500. If this statistics persist, it can serve as the Bearish signal of the market, which influences the purchase decisions of investors. However, if this metric decreases, it can be the USDC jumping board to claim new highlights.
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What to expect from the Stablecoins segment in the short term
In the last bull run, the offer from USDC increased in May and then reached its peak in March 2022. The market capitalization of the Stablecoin increased by 170% from April 2021 to March 2022. If the current currency supply continues to grow, but the price starts to dive, then the price starts to dive, then the price starts to dive, then the price will be the stablecoin market within a few months reaching its peak.
Traditionally, rising market capitalization for Stablecoins reflects the confidence of growing investors, indicating an increase in capital influx.
On the contrary, rising market capitalization of Stablecoin is usually associated with the growing beliefs of investors, indicating that the potential for the intake of capital is stimulated. This suggests that the Bullish Momentum could continue for a few months.
Featured image of Gemini Imagen, Graph of TradingView
