The market value of stablecoins has exceeded 172.7 billion, setting a new record! USDT accounts for as much as 69.26%, and the market trend has changed suddenly?
Data on October 14 showed that the total market value of global stablecoins has climbed to 172.735 billion US dollars, a new high since May 2022. In the past 7 days, the market value has increased by 0.48%, indicating that the market demand for stablecoins is rising. It is worth noting that USDT's market value accounted for an astonishing 69.26%, continuing to maintain its leading position.
What does this mean? The stablecoin market is becoming an important safe haven for capital flows, especially in the context of increased market volatility, investors are more inclined to use stablecoins to lock in profits and avoid risks. This trend not only reflects the market's risk aversion, but also indicates that the pattern of the future crypto market may change further.
Seize this trend and discuss the future trends of stablecoins with Kong Boshi, and jointly welcome the next outlet of the crypto market!
