Stablecoin Market Value Reaches $156.34 Billion, Indicating 0.96% Growth In The Past Week
As of 14th of April 2024, stablecoin is seen to be having a market value of about $156.34 billion. And this indicates that in the last week, stablecoin experienced a 0.96% growth. USDT takes the majority of the stablecoin market shares of about 68.92%.
In the cryptocurrency industry, stablecoins are digital assets that are developed to reduce price volatility. As a result of their stability when you compare them to cryptocurrencies like ETH and BTC; stablecoins have been attracting more interests.
USDT specifically, has been maintaining a very dominating proportion, with regards to the stablecoin market share - which is about 68.92%. The increase in the stablecoins market value, indicates that there's beginning to be more acceptance of stablecoins in the cryptocurrency sector.
It's expected that the growth of stablecoins market will continue, even as more investors and businesses begin to see how useful these digital assets are. Stablecoins have quickly become a very attractive asset for people seeking some safety in the volatile crypto market.
I really think currently now, the world is going to the direction of stablecoins due to the volatility of the coin and I can still see those things happening