Stablecoin Market Capitalization Reaches $212 Billion
Date: 2025-01-24 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Tether's USDT maintains its dominant position, holding about 65% of the market with a total capitalization of $138.5 billion. In second place is Circle's USDC, whose market value has increased by 11% in a week, reaching $51 billion.
According to analysts from Castle Island Ventures, such a rapid growth in the popularity of stablecoins is explained by their versatility. These digital assets are actively used for various purposes: daily settlements, storing funds, currency transactions and international transfers.
The growth in popularity of stablecoins is especially noticeable in developing regions such as Latin America, Africa, the Middle East and Indochina. Castle Island noted that surveys conducted last year confirmed the preference of crypto investors to use stablecoins for everyday needs. The main reasons cited are high transaction speed, accessibility, and minimal regulatory intervention.
Circle CEO Jeremy Allaire has previously stated that dollar-pegged stablecoins could become an important export product for the US economy.
