Stablecoin Market Swells With Growth in March, Led by Ethena's USDE

[sirty143]

Stablecoin Market Swells With Growth in March, Led by Ethena's USDE

This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion... See more for yourself here.

Your opinion is greatly appreciated.

[Stompix]

Hmmm..

Tether (USDT), the heavyweight in the stablecoin category, experienced a 6.3% growth in supply this month.
Tether’s market valuation now stands at approximately $104.5 billion.

Circle’s USDC experienced a notable expansion in its supply this month, climbing by 13.1% to reach a current market capitalization of $32.46 billion. Essentially, USDC has returned to its position from a year ago, after its supply dipped below 24 billion in mid-November 2023. Just a month prior, USDC boasted a market cap of $28.7 billion.

In contrast, Ethena’s USDE experienced a substantial expansion, with its supply ballooning by 194.9% in March, elevating its market valuation to $1.53 billion.

So in raw numbers, we have
- tether growing by 6.5 billions.
- circle growing by 3.5 billions
- ethena growing by 1 billion

The title is a bit misleading as Ethena's growth is barely 10% of the total and eclipsed 6 times by tether.

[Jun]

Stable coins are much appealing alternatives for investors who dislike the volatility  the crypto coins in market, like fiat currency it is tokennized and can be introduced to block chains it's allowed to quickly sell and buy exchange