The stablecoin market has reached a remarkable milestone, surpassing $170 billion in market capitalization. $USDT continues to dominate, holding a substantial 70% share. However, the landscape is evolving, with new asset-backed stablecoins gaining traction. These innovative stablecoins are pegged to a range of assets, including gold, the euro, and the dirham, offering fresh opportunities for investors. Stablecoin Market Cap Hits 2 Year High The stablecoin market has surged to $170 billion in market capitalization, with $USDT maintaining a dominant 70% share. As the market continues to expand, new asset-backed stablecoins, including those pegged to gold, the euro, and the… pic.twitter.com/uc6bGHlPd0
The post Stablecoin Market Soars To 2-Year High: A New Era Of Growth appeared first on The Merkle News.
