News Formal

Stablecoin Market Cap Hits $164B, Extending 10-Month Growth Streak: CCData

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Crypto Blog

The total stablecoin market capitalization grew by 2.11% in July, reaching $164 billion, according to CCData.a 1.61% increase to $116 billion, setting a new all-time high. This marks Tether’s eleventh consecutive monthly rise in market capitalization.

While other major stablecoins like USD Coin , BlackRock’s BUIDL, and PayPal USD saw increases, First Digital USD and Ethena USDe experienced declines in market capitalization. Overall, stablecoin trading volumes fell 8.35% to $795 billion in July amid struggling activity on centralized exchanges. Despite this, the report indicates a trend towards higher monthly volumes following the launch of spot Ethereum ETFs and the positive sentiment expressed at the Bitcoin 2024 Conference last week.

Stablecoins such as Circle’s USD Coin and EUR Coin have already complied with these requirements, leading to increased confidence and trading activity.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 568. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

PayPal's stablecoin surpasses $500 million market cap following Solana expansionThe total market supply of PayPal’s PYUSD stablecoin surpassed half a billion tokens, according to DeFiLlama.
Herkunft: TheBlock__ - 🏆 464. / 53 Weiterlesen »

VanEck sees Bitcoin reaching $61 trillion market cap, Marathon buys $100 million BTCBitcoin (BTC) declined by 1% on Thursday following asset manager VanEck's forecast that the top digital asset will reach a $61 trillion market capitalization by 2050.
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »

Dogecoin, Shiba Inu, PEPE, BONK hit by correction, meme coin market cap downMeme coin market capitalization is down 6% on Thursday as the top three cryptocurrencies, Bitcoin, Ethereum, and XRP, are hit by a correction.
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »

Stablecoins Signal Crypto Ecosystem Buoyancy as Market Cap Jumps to $164BOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Herkunft: CoinDesk - 🏆 291. / 63 Weiterlesen »