Stablecoin

USDC

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/tether-fuels-remarkable-stablecoin-market-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tether Fuels Remarkable Stablecoin Market Surge</a><br></p>
<p style="text-align: justify">In the past 15 days, the stablecoin economy has observed a modest yet consistent growth, adding $1.08 billion to its market cap. During this timeframe, <a href="https://en.bitcoinhaber.net/why-did-tether-invest-in-bitdeer" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tether</a> emerged as a significant driver, with its market value increasing by $790 million. Other stablecoins also experienced varying levels of growth and decline.</p>
<h2 id="what-influences-stablecoin-market-growth">What Influences Stablecoin Market Growth?</h2>
<p style="text-align: justify">From August 23 to September 7, 2024, the stablecoin market climbed from $169.72 billion to $170.80 billion. This $1.08 billion increment highlights the enduring significance of stablecoins, constituting $80.16 billion out of the $114.2 billion trading volume over the last 24 hours.</p>
<h2 id="how-did-individual-stablecoins-perform">How Did Individual Stablecoins Perform?</h2>
<p style="text-align: justify">Tether (USDT) notably increased its supply from $117.39 billion to $118.18 billion, making a substantial contribution to market growth. Circle’s USDC saw a modest rise of $50 million, while other stablecoins like DAI faced a $60 million decrease in supply. Ethena’s USDE and FDUSD also experienced declines, with FDUSD dropping by $90 million to $2.56 billion.</p>
<h2 id="market-trends-and-insights">Market Trends and Insights</h2>
<p style="text-align: justify">– Tether’s market value rose by $790 million.<br> – Total stablecoin market added $1.08 billion in 15 days.<br> – Circle’s USDC increased by $50 million.<br> – DAI and Ethena’s USDE supply declined by $60 million and $330 million respectively.<br> – FDUSD saw a $90 million decrease in its market supply.</p>
<p style="text-align: justify">The overall market has exhibited slower growth, increasing by $1.08 billion compared to $1.3 billion in the five days leading up to August 23. This could indicate a cooling off period for stablecoins. However, stablecoins still maintain a robust presence in trading volumes, underscoring their importance in the <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">financial</a> ecosystem.</p>
<p style="text-align: justify">The slower yet steady growth of the stablecoin market suggests a potential lull. Nonetheless, the substantial impact of stablecoins, particularly Tether, continues to steer market dynamics, affirming their crucial role in the financial landscape.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/tether-fuels-remarkable-stablecoin-market-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tether Fuels Remarkable Stablecoin Market Surge</a></h5>

Tether Fuels Remarkable Stablecoin Market Surge

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