The decentralized finance (DeFi) market has reached a significant milestone with the total amount of capital locked or staked across all DeFi protocols hitting $50 billion, the highest in six months. Stablecoins have also seen substantial growth, now constituting a $120 billion segment of the crypto markets, with the stablecoin sector's capitalization growing by more than 3% in November 2023, reaching $124.05 billion. This expansion marks the first time the stablecoin market has grown after an 18-month downtrend, with Tether's USDT being the main beneficiary. The rise of stablecoins is reshaping economic opportunities for millions of people and aims to mitigate the volatility of traditional cryptocurrencies like Bitcoin.
In November 2023, the capitalization of the stablecoin sector grew by more than 3% - from $120 billion to $124.05. https://t.co/nvHlY9prrO
Billions in fresh money has entered the crypto market as the stablecoin market expanded for the first time after a grueling 18-month downtrend. Tether's $USDT has been the main beneficiary. @sndr_krisztian reports https://t.co/K6PF7fvOId
#Stablecoins were created to mitigate the inherent volatility of traditional #cryptocurrencies like #Bitcoin, writes Sauradeep Bag https://t.co/60MehddF91
Stablecoins are now a $120 billion segment of the crypto markets. In our latest article, "The Rise of Stablecoins in Unstable Times," we delve into how these unique digital assets are reshaping economic opportunity for millions of people. 🧵👇
DeFi Market Reach $50 Billion in TVL https://t.co/LEvFysWUZ4
The total amount of capital locked or staked across all decentralized finance (DeFi) protocols reached $50 billion on Tuesday, the most in six months. Reporting by @oknightcrypto. https://t.co/hOIzO5KFw8