Since the election victory of US President Donald Trump in November, the market capitalization of Stabecrims has increased by $ 37.6 billion.
New one Report Cryptoctive from an on-chain analytics provider has revealed that the total value of USD-Denominated Stabelines in circulation has jumped on a new record high since the announcement on 6 November.
Report, which tracks the total market cap of Titu (USDT), USD Coin, Binance USD, True USD, PAX Dollar and DAI, suggests that they have collectively hit $ 204 billion, 22 percent increase in 86 days Representing the price increase in the price in 86 days representing. Since Trump’s victory.
According to the data, the Tether Stabeloin deposited on centralized exchanges has been a major driver of liquidity, with the figure rising from 41 November to 41 percent from 41 November to 41 percent from 41 November to 41 percent.
According to the report, Stabelcoin market cap is an important metric to look at market activity as it acts as an important source of liquidity for trading on exchanges and its growth is usually correlated with high crypto prices, which is usually correlated. Retail motivates traders to be more active. market. Data also suggests that the USDC has increased strongly in the same period, only after USDT. A fraction of the report reads:
The expansion of liquidity through Stabelines is operated by Titu’s USDT, but the USDC of the circle has achieved traction again. The market capitalization of USDT today is $ 139 billion, since 4 November $ 19 billion (15%). Meanwhile, the market capitalization of USDC has started increasing again in the same period, with an increase of $ 17 billion (48%) in the same period. The market capitalization of USDC is now $ 52.5 billion
Cryptocwant analysts believe that rapidly growing stabeloin market may be a sign that the next important movement for bitcoin and crypto prices may be adjacent.
Liquidity impulses, which measures a 30-day percentage change in market capitalization, is now 20 percent for USDC, while USDT is a little positive once again after a brief contraction in the beginning of 2024.
