Stablecoin Market Cap Rises To ATH of $168 Billion: Why It’s Good News?

Quick Summary:

With a market cap of $2.24 Trillion, the crypto market hosts millions of cryptocurrencies with values varying from less than 1 to as high as hundreds of dollars.

Moreover, there is a vast variety based on their characteristics, use cases, stability, and much more.

Tether has conquered the industry with more than 70% of its dominance in the stablecoins market and has also played a role in this category’s growth.

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Article Details

Author / Journalist: Pooja Khardia

Category: Crypto

Markets: India

Topics: Stablecoin market cap 24/7 Cryptocurrency News Stablecoins Tether USDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 10:37:39 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 565 words

Reading Time: 4 minutes read

Sentences: 50 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 22257299

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 17 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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