Tether USDt

USDC

First Digital USD

Ethena USDe

<ul><li>Stablecoin market cap hits a new high of $168B after 11 consecutive months of growth.</li><li>Tether leads stablecoins with a $117.8B market cap, followed by USDC at $34.7B.</li><li>First Digital USD shows strong 55.4% growth, while Ethena USD declines by 9.6%.</li></ul>The stablecoin market has reached a new milestone, achieving an all-time high of $168 billion in market capitalization. This remarkable growth follows 11 consecutive months of expansion, marking a significant resurgence since the market’s previous peak in March 2022.According to <a href="https://defillama.com/stablecoins?backing&#61;FIATSTABLES&amp;backing&#61;CRYPTOSTABLES" rel="noopener noreferrer nofollow">data</a> from DeFiLlama, a crypto analyst, the stablecoin market cap has now surpassed its prior record of $167 billion, set more than a year ago. Excluding algorithmic <a href="https://cryptotale.org/tether-expands-beyond-stablecoins-with-four-new-business-divisions/" rel="noopener noreferrer nofollow">stablecoins</a>, which rely on algorithmic mechanisms rather than being pegged to external assets like fiat or gold, this surge underscores a growing influx of capital into the sector.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd6D2gkorw_3MXvnhfaOBDoLzIcA3prmcAVFBOT9KEOpa_zsTGS6Ng_6k6pxL7ewrwYTmyXxyfdX_ERgNdSJntF1h98nQaQvlnkoyk7MGogM9iOWA0tCTMdL-By6R4SLga6mACmZPus-HvDiy32h-JDi1R1?key&#61;1c6PThJFiN5kV1zvICmR_w" /><h2 id="header-0">Key Drivers Behind Stablecoin Market Growth</h2>This renewed interest in stablecoins is reflected in the steady rise of leading assets like Tether (USDT) and USD Coin (USDC). <a href="https://cryptotale.org/tether-launches-dirham-pegged-stablecoin-with-uae-partners/" rel="noopener noreferrer nofollow">Tether</a>, the market leader, maintains its dominance with a market cap of $117.8 billion, supported by a 30-day performance gain of 3.1%. It is followed closely by USDC with a market cap of $34.7 billion and a positive performance of 1.7% over the same period.<a href="https://cryptotale.org/stablecoin-market-cap-hits-168b-after-11-months-of-growth/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Stablecoin Market Cap Hits $168B After 11 Months of Growth

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