They not only allow us to enter and exit the markets efficiently, but also serve as trading pairs with all cryptocurrencies.
Among them, USDT (Tether) and USDC (USD Coin) clearly dominate the market, accounting for the largest share of the total stablecoin capitalization.
Their importance makes them key indicators for analyzing liquidity and capital flows within the sector.
Currently, both stablecoins continue to increase their market capitalization and dominance, consolidating themselves as the main reference assets for measuring the financial pulse of the crypto ecosystem.
Over the past 30 days, On-Chain data shows that USDC has increased its market capitalization by 3.45%, while USDT has grown by 1.32%, further widening the gap with the rest of the stablecoins, such as TUSD, USDP, and DAI..., whose capitalization is either decreasing or growing at an almost imperceptible rate. (See chart 1)
Although USDC’s percentage growth has been higher than USDT’s over the last month, the difference in market cap between them has not decreased substantially.
This indicates that both assets have grown significantly, while maintaining a similar proportion in their relative capitalization, consolidating their position as the two dominant forces in the stablecoin market.
Each of these stablecoins has increased its market capitalization by approximately $2 billion each over the past 30 days, according to On-Chain data. (See charts 2 and 3)
This sustained growth in USDT and USDC reflects positive expectations for the crypto ecosystem, suggesting that the market could continue expanding strongly in the near future.
Written by Carmelo Alemán
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Written by Carmelo_Alemán
