USDC

Coin

<ul class="wp-block-list news-points"> 
 <li>The stablecoin market has recorded a new all-time high of $177 billion, surging past the previous high.</li> 
 <li>The market has seen rapid growth in the past 11 consecutive months.</li> 
 <li>Tether’s USDT leads the pack, while USDC and DAI follow close behind.</li> 
</ul> 
The stablecoin market is booming, reaching a new all-time high of $177 billion. This marks 11 consecutive months of growth, shattering the previous record set in March 2022. Tether (USDT) is leading the pack, with its market cap surpassing $118 billion. This surge in stablecoin adoption suggests growing interest in less volatile crypto assets, even as the broader crypto market experiences fluctuations. 
CoinMarketCap data reveals a substantial increase in stablecoin trading volume, currently at $82.75 billion, up 34%. This growth comes as Bitcoin’s price recently dipped below $60,000, contributing to a 6.5% drop in the total crypto market cap to $2.179 trillion. 
<a href="https://coinedition.com/russias-crypto-push-new-exchanges-stablecoins-and-the-ripple-factor/">Stablecoins</a> are cryptocurrencies designed to maintain a stable value, usually pegged to fiat currencies or commodities like gold. They offer a less volatile alternative to cryptocurrencies like Bitcoin. 
When the <a href="https://coinedition.com/tron-dominates-stablecoin-payments-in-emerging-markets/">stablecoin market</a> broke the $167 billion reco…
The post <a href="https://coinedition.com/stablecoins-hit-record-177b-market-cap-tether-leads-surge/">Stablecoins Hit Record $177B Market Cap, Tether Leads Surge</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Stablecoins Hit Record $177B Market Cap, Tether Leads Surge

Coin Edition

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