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The market capitalization of Stablecoin jumped $ 37.6 billion from US President Donald Trump’s election victory in November.
New report The Cryptoquant analytical analytics analytics revealed that the total value of stable stables of denominated USD in the circulation has jumped to a new record since the announcement on November 6.
A report, which monitors the total market limit of Tether (USDT), USD, USD, TRUE USD, Pax Dollar and Dai, reveals that they have reached $ 204 billion together, which is a 22 percent increase in 86 days from Trump’s victory.
According to data, Tether deposited on the centralized stock exchanges was the main initiator of Stabiblecoin liquidity, with a number increased by $ 41 percent with $ 30.5 billion a day $ 41 to $ 43 billion as of January 31.
According to the report, the market limit of Stablecoin is an important metric for measuring market activity because it acts as an important source of liquidity for trading on stock markets, and its growth is usually corrupted with higher prices of cryptocurrencies, which motivates traders to become more active in the market. Data also show that USDC has grown strongly in the same period, others only to USDT. Excerpt from the report reads:
The expansion of liquidity through Stablecoin is still guided by Tether’s USDT, but the circular USDC has regained attraction. The USDT market capitalization today is $ 139 billion, which is more than $ 19 billion (15%) of November 4th. Meanwhile, the market capitalization of the USDC has again begun to increase significantly, increasing by $ 17 billion (48%) in the same period. The USDC capitalization is now $ 52.5 billion
Cryptoquant analysts believe that the procvatal market stablecoin could be a signal that the next significant upward movement for Bitcoin and Crypto price could be immediate.
The impulse of liquidity, which measures the 30-day change in market capitalization, is now how much is 20 percent for USDC, while USDT is once again a little positive after a short contraction at the beginning of 2024.
