The stablecoin market has reached significant milestones, reflecting strong growth and increasing interest from the financial community. Below is an overview of notable developments:
1. Stablecoin market capitalization reaches a new record:
On February 1, 2025, the total market capitalization of stablecoins surpassed $217 billion, setting an all-time high.
Previously, on February 6, data from DefiLlama showed that this figure had risen to $222 billion, continuing the trend of steady growth.
2. The dominance of leading stablecoins:
USDT (Tether) continues to lead the market with a capitalization of about $139 billion, accounting for over 63% market share.
USDC (Circle) is second with a market capitalization of $53.4 billion, accounting for about 24.6% market share.
3. Reasons driving growth:
The increase in stablecoin lending yields on DeFi protocols, ranging from 10-20% per year, has attracted a large number of new investors. coin68.com
Mr. Donald Trump's victory in the 2024 US presidential election is seen as a positive factor, driving the crypto market and contributing to the growth of stablecoin capitalization.
4. Profits from stablecoin reserves:
Stablecoin issuers profit from reserve interest rates. For example, Tether reported a profit of $5.2 billion in the first half of 2024.
This development shows that stablecoins are increasingly asserting their important role in the digital financial ecosystem, not only in cryptocurrency transactions but also expanding into traditional financial applications.
**Note: The information above is compiled from reputable sources and may change over time.
