Stablecoin Market Cap Hits $200B Milestone, Could Double in 2025 as Adoption Accelerates

Quick Summary:

Asset manager Bitwise sees the stablecoin market growing to $400 billion next year, with U.S.legislation, fintech adoption and global payments driving the growth.

Demand for stablecoins grew steadily through the past year as crypto markets emerged from a brutal bear market.

USDT was recognized as an accepted virtual asset by the Abu Dhabi Global Market (ADGM) earlier this week, and the issuer aims to expand services across the Middle East region.

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Article Details

Author / Journalist: Krisztian Sandor

Category: Crypto

Markets: United StatesCubaHungary

Topics: Circle Tether Bitwise Tokenized Assets Markets Stablecoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 18:59:34 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 570 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © CoinDesk

News ID: 24360062

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Main Topics: Crypto

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