2024 Fiat-Pegged Economy Swells—Stablecoins Reach $200B, Tether’s Market Soars 50%, New Players Emerge

Quick Summary:

With bitcoin (BTC) cruising past the $100,000 mark and the crypto economy swelling dramatically in value this year, multiple sectors saw significant expansion.

Stablecoins, a major player in the digital asset realm, now exceed $200 billion in total valuation, reflecting a $73 billion increase in this subset of fiat-pegged cryptocurrencies.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jamie Redman

Category: Crypto

Markets: Japan

Topics: Crypto Stablecoins Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-31 @ 16:44:10 (3 days ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 24786574

View Article Analysis

About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 13 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

Publisher Details

Frequently Asked Questions