News Formal

Stablecoin Market Cap Hits $161 Billion, Reaches Two-Year High: CCData

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Crypto Blog

In May 2024, the stablecoin ecosystem rebounded, achieving a market capitalization of $161 billion, marking a 0.63% increase from the month’s outset.While the stablecoin market has been surging, its dominance slightly dropped from 7% in March to 6.07% this month. The fall was due to crypto assets recovering in price after the unexpected spot Ethereum ETF

The largest of the cohort – Tether , achieved a record market cap of $111 billion as of May 29, boosting its BlackRock’s tokenized fund, BUIDL, surged 19.6% to $448 million, making it the largest treasury fund and surpassing Franklin Templeton’s BENJI. Notably, BUIDL represents a share in BlackRock’s USD Institutional Digital Liquidity Fund.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 568. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stablecoin market cap rises to 2-year highs as dominance slides to 6%: CCDataStablecoin market cap reaches $161 billion in May, reflecting traders' optimism amid the current crypto bull market.
Fonte: Cointelegraph - 🏆 562. / 51 Consulte Mais informação »

India's Market Regulator Suggests Shared Crypto Oversight Even as RBI Seeks Stablecoin Ban: ReutersAmitoj Singh is a CoinDesk reporter.
Fonte: CoinDesk - 🏆 291. / 63 Consulte Mais informação »