Back

Stablecoin Market Capitalization Reaches Record $320 Billion

The new all-time high points to continued growth in dollar-pegged crypto tokens used for trading, payments, and on-chain liquidity.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, typically by being pegged to a fiat currency such as the U.S. dollar.
  • Market capitalization: The total value of an asset class, calculated by multiplying the circulating supply by the current price.