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Crypto Market Cap Reaches $1.18 Trillion as USDT Dominance Falls

According to Coingecko, the total stablecoin market cap hit a record $310.92 billion, led by USDT and USDC, marking a $10 billion rise over three weeks.

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Summary

Coingecko data shows that the total stablecoin market capitalization has reached an all-time high of $310.92 billion, up 0.5% in the past 24 hours. Tether (USDT) leads with $180.239 billion, followed by USD Coin (USDC) at $75.814 billion. The stablecoin market surpassed $300 billion around September 25, reflecting a $10 billion increase over the last three weeks and signaling sustained growth in stable asset demand.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, often pegged to a fiat currency like the US dollar.
  • USDT: Tether (USDT) is a type of stablecoin pegged to the US dollar, widely used for trading and transferring digital assets.
  • USDC: USD Coin (USDC) is a stablecoin pegged to the US dollar, commonly used in the crypto ecosystem for transactions and as a store of value.