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31 July 2021

Stablecoins Swelled by $13B in 30 Days, Captured 67% of Today's Crypto Trade Volume – Featured Bitcoin News

Stablecoins Swelled by $13B in 30 Days, Captured 67% of Today's Crypto Trade Volume – Featured Bitcoin News


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53 days ago, the entire capitalization of fiat stablecoins crossed the $100 billion mark, and the stablecoin market valuation continues to grow, swelling 13% since the end of May.

Stablecoins have made their mark in the crypto economy over the last five years as these fiat-pegged tokens have grown immensely during that time period.

While digital currency markets have dipped in value, the use of stablecoins has remained frothy and today the market capitalization of all the stablecoins in existence is $113 billion.

Of course, tether (USDT) is the largest stablecoin in terms of market valuation and the amount of transactions the stablecoin network processes daily.

At the time of writing, the market capitalization of tether (USDT) is $62 billion and USDT’s overall valuation is 4.94% of the entire market valuation of all the crypto coins in existence.

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