In the past week, the stablecoin market has increased by $1.39 billion, with tether (USDT) leading the way by adding 610 million USDT. The overall value of the fiat-backed crypto market has risen from $170.80 billion on September 7 to $172.19 billion on September 15. USDT contributed 43.96% of the growth, followed by Circle's USDC at 24.46%. Tether's market cap currently sits at $118.79 billion, while USDC is at $35.73 billion. Other stablecoins like DAI and Ethena's USDE also saw changes in supply, while smaller tokens faced challenges and bursts of growth.
- Content Editor ( news.bitcoin.com )
- 2024-09-15
Fiat-Pegged Crypto Market Expands by $1.39B in Past Week, Led by USDT and USDC