Stablecoin Economy Is $10 Billion Away From Reaching a $200 Billion Market Cap

[sirty143]

Stablecoin Economy Is $10 Billion Away From Reaching a $200 Billion Market Cap

The stablecoin economy has grown during the last month as the market capitalization is now only $10 billion away from reaching the $200 billion mark. While the largest stablecoin, by market valuation, tether (USDT) swelled by 3% during the last 30 days to $82 billion, terrausd (UST) has increased by 15.4% to $16.7 billion. See more for yourself here.

Your opinion is greatly appreciated.

[Alcor]

The capitalization of various stablecoins increases over time, as they perform a useful auxiliary function when working with cryptocurrency. They are very convenient for both temporary and relatively permanent storage of our currency. At the same time, stablecoins can be converted into both fiat and cryptocurrency at any time.
However, the situation may change when public stablecoins are massively introduced. Apparently, they will compete with each other, and states may want to limit or even prohibit the circulation of private stablecoins.

[Peter90]

Stablecoin Economy Is $10 Billion Away From Reaching a $200 Billion Market Cap

Just a visual confirmation
So, in January it was still 150B, now 200.
it seems Stablecoins market cap is growing exponentially