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The adhesion is attached to the stableCoin Market Cap Hit 243 M $

Stablecoins, like a mooring coin, continued its strong growth this week, and their market capitalization hit a record of 243.8 billion dollars.

These coins added over $ 38 billion of property because they started a year with $ 240 billion. Tether (USDTT) Praise a market hat that jumps to over $ 151 billion, giving it a dominance of 62%.

Following USD USD (USDC), which has 60.4 billion dollars of property and Ethen USDIn the right) with nearly $ 5 billion.

Recently launched USD1 by President Donald Trumps of World Liberty, he finally gained over $ 2.1 billion of property. Most of these funds are probably related to MGX investments of $ 2 billion in binanci, the largest crypto exchange in the industry.

Other significant stablecoins are Ripple USD (Rlusd) I Paypal’s Piusd, which accumulated property in the amount of 900 million dollars, or $ 313 million, respectively.

StableCoin Supply
Supply StableCoin Source: Visa

The data that has compiled Visa show That more people use stablecoins in their daily transactions today. Over 192.2 million unique sending addresses have exceeded in the last 12 months, while 242.7 million received stableCOINS. Total active unique addresses jumped to 250 million.

All this pushed the total counting of transactions to 5.8 billion and the scope of the transaction to $ 33.6 trillion.

StableCoins became very popular because of its lower cost compared to traditional methods. For example, sending $ 1,000 to the user via PayPal attracts a fee of 2.99% plus variable fees.

Using Stablecoins attracts a significantly lower fee than that. Also, these transactions are faster than traditional methods such as wire transmission.

Citi believes that Stablecoins will continue to acquire market share in the coming years.

In a recent reportThe company estimated that StableCoins will be worth more than $ 1.6 trillion to 2030. years, while the standard rents will be assessed to reach $ 2 trillion.

https://crypto.news/app/uploads/2024/06/crypto-news-Corruption-and-money-laundering-in-Tether-option07.webp

2025-05-17 20:00:00

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