<p>The world of crypto never ceases to surprise us. In recent days, we have witnessed a spectacular rebound in the market. At the heart of this excitement, the stablecoin economy has experienced a stellar growth of 1.53 billion dollars in just 3 days.</p>
<h2 id="h-the-resurgence-of-the-crypto-market">The resurgence of the crypto market&nbsp;</h2>
<p>The crypto market has just undergone a turbulent week. After a period of turbulence, the main digital assets have regained their shine. Bitcoin, for example, has crossed the symbolic threshold of $60,000, soaring by <a href="https://www.cointribune.com/en/bitcoin-up-6-the-market-is-regaining-momentum/" target="_blank" rel="noopener noreferrer nofollow">6% in the last 24 hours</a>. This increase has pulled the entire crypto market in its wake. As a result, we observe an overall growth of 5% in the last 24 hours.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>This rebound has not gone unnoticed. Investors, long on the defensive, are regaining confidence. This positive dynamic fuels the entire crypto ecosystem. Thus, we are witnessing a renewed interest in various projects and tokens.</p>
<h2 id="h-the-stellar-rise-of-stablecoins">The stellar rise of stablecoins&nbsp;</h2>
<p>In this recovery context, stablecoins are standing out. Indeed, the stablecoin economy has seen an impressive growth of 1.53 billion dollars in just 3 days. More remarkably, 750 million dollars of this growth materialized in the last 24 hours.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>Tether (USDT) stands out particularly in this dynamic. The undisputed leader of stablecoins saw <a href="https://www.cointribune.com/en/crypto-markets/tether-usdt-en/" target="_blank" rel="noopener noreferrer nofollow">its market capitalization increase</a> by 1.26 billion dollars. Today, USDT represents 5.45% of the total crypto market capitalization. This performance underscores the growing importance of stablecoins in the crypto ecosystem.</p>
<p>Other stablecoins have also benefited from this upward trend. GHO, USDC, PYUSD, and USDM have all recorded steady increases, albeit more modest. This diversification of the stablecoin landscape attests to the growing maturity of the crypto sector.</p>
<p>The stablecoin economy is experiencing unprecedented growth. This trend reflects the renewed confidence of investors in the crypto market. As the sector continues to evolve, stablecoins are asserting themselves as a crucial pillar of the crypto ecosystem. This is why Switzerland has <a href="https://www.cointribune.com/en/crypto-switzerland-takes-drastic-measures-against-stablecoins/" target="_blank" rel="noopener noreferrer nofollow">recently taken drastic measures</a> against them, as they could be used to finance illicit activities.</p>

Crypto: Stablecoins Surge by $1.53 billion in 3 Days! Tether Leads

Table of Contents

Cointribune EN

Other articles published on Aug 10, 2024

Bitcoin ETF Options Face Setback as MIAX Withdraws Proposal

VC firms are slowing down crypto investments for a ‘nuanced reason’ — Venture capitalist

Ripple (XRP) Announces Start of Testing Phase of Major New Initiative

BTC Gains Mainstream Momentum as ETH Liquidity Declines

ARK Development Report - August 9, 2024

IRS lightens crypto reporting requirements in latest tax form draft

Join our free newsletter for daily crypto updates!