Stablecoin Market Cap Hits Record-High As It Nears $200M, Tether Dominates

Quick Summary:

Strikingly, the overall value of the digital-assets market has risen by nearly a trillion dollars since the election.

Amidst expectations of a crypto-friendly government after Trump’s victory, the cryptocurrency prices are soaring, and so is the demand for stablecoins.

The report noted that Ethena’s USDe saw a 42% increase to a new record of $3.8 billion in November.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United StatesHong Kong

Topics: News Stablecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 15:09:51 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 23907005

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 30 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

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Publisher ID: #112

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