The stablecoin market has experienced significant growth, surpassing the $150 billion mark for the first time in 18 months, reaching a high of $154 billion according to The Block and a low of $143 billion. This milestone was achieved after a notable increase of $980 million in market value within just five days. The current market capitalization includes a variety of stablecoins, both dollar-pegged and others, with nearly 100 different stablecoins listed on the CoinGecko platform, many of which are considered illiquid. The surge in market cap has been particularly pronounced on the Starknet platform, where the stablecoin market cap has seen an 85% increase compared to the last 30 days. This growth in the stablecoin sector suggests a robust interest and investment in these digital assets, reflecting their increasing importance in the cryptocurrency market.
On March 21, the market capitalization of stablecoins reached $150 billion for the first time in 18 months https://t.co/Y0ZheTbAaF
Stablecoin Market Cap on @Starknet has increased by 85% compared to the last 30 days! https://t.co/gr8rFxHmo6
The market capitalization of stablecoins has returned to the $150 billion level. The current figure includes both dollar-pegged stablecoins and other "stable coins." There are nearly 100 different stablecoins listed on the CoinGecko platform, but many of them are either illiquid… https://t.co/6bRSuI7Lp4
stablecoins collectively hit $150b today (@artemis__xyz data - $154b according to the block, $143b at https://t.co/Pk1p10hAjK) if they were a sovereign, they'd be the 16th largest holder of USTs, if they were a MMMF, they'd be the 14th largest https://t.co/xxxr5rxqTu
#Stablecoin Market Value Tops $150 Billion - A First in 18 Months https://t.co/fiT9DJTP7X
#Stablecoin Market Surpasses $150B, a First in 18 Months, After $980M Growth in 5 Days https://t.co/fiT9DJTP7X