As of August 28 (Vietnam time), the total market capitalization of stablecoins reached $280,477,000,000, slightly increasing over the past week; USDT continues to lead with a 59.68% market share.
According to DeFiLlama data, in the previous 7 days, the stablecoin market capitalization increased by $2,981,000,000, corresponding to an increase of 1.07%, indicating stable capital inflows into this asset group.
MAIN CONTENT
Total stablecoin market capitalization: $280,477,000,000 (as of 28/8, Vietnam time)
An increase of $2,981,000,000 over 7 days, equivalent to 1.07%
USDT holds 59.68% market share, maintaining its leading position
What is the current total market capitalization of stablecoins?
Direct answer: As of August 28 (Vietnam time), the total market capitalization of stablecoins reached $280,477,000,000, according to DeFiLlama data.
Analysis: This figure reflects the aggregated value of stablecoins currently circulating in the market, including assets pegged to stable exchange rates. The data provides an overview of liquidity scale and the level of acceptance of stablecoins in the cryptocurrency ecosystem.
In the last 7 days, how much has the stablecoin market capitalization increased and at what rate?
Direct answer: Capital increased by $2,981,000,000 in the previous 7 days, corresponding to an increase of 1.07%, according to DeFiLlama.
Analysis: The increase of 1.07% indicates that capital is flowing into stablecoins, which are more stable compared to the significant volatility of decentralized cryptocurrency markets. This growth often reflects liquidity demand, asset conversion, or activity on DeFi platforms.
What market share does USDT hold and what does this position signify?
Direct answer: USDT holds 59.68% of the stablecoin market share, maintaining a dominant role according to DeFiLlama data.
Analysis: A market share of nearly 60% indicates that USDT continues to be the primary choice for trading and temporary storage, significantly impacting liquidity and trading pairs across many exchanges. This position also highlights the importance of major stablecoins in pricing mechanisms and capital transfer within the cryptocurrency market.
What risks or considerations should be noted when looking at these figures?
Direct answer: The total market capitalization and market share figures only reflect the scale of the market, not directly assessing issuance risk, liquidity per platform, or legal factors.
Analysis: Investors and users need to consider the transparency of issuance, liquidity reserves, and the legal framework where stablecoins operate. Dependence on a few major stablecoins can create systemic risk if a major incident occurs related to issuance or reserves.
Frequently Asked Questions
1. Where is this data sourced from and is it reliable?
Data is cited from the DeFiLlama tracking platform, which specializes in monitoring on-chain metrics; reliability depends on the platform's data collection and updating methods.
2. Does USDT's 59.68% market share mean it is safer than other stablecoins?
Market share largely reflects acceptance levels but does not necessarily equate to maximum safety; safety factors are also related to reserves, auditing, and the legal environment of each stablecoin.
3. Is an increase of 1.07% over 7 days high or low?
A rate of 1.07% is a modest increase, reflecting stable capital inflow into stablecoins compared to the large fluctuations of other cryptocurrencies.
Source: https://tintucbitcoin.com/stablecoin-vuot-280-ty-usd-usdt-60/
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