Cointime

Cointime

Download App
iOS & Android
Home / Data

The Total Market Capitalization of Stablecoins Fell for 17 Consecutive Months to a Range of $124 Billion, the Lowest Since August 2021

CCData, a cryptocurrency analysis platform, released a "Stablecoin and CBDC Report" showing that the total market value of stablecoins continued to decline in August, with a drop of 1.28% to the range of $124 billion, setting a new low record for stablecoin market value since August 2021, and stablecoin market value has been declining for 17 consecutive months.

Among them, the market value of USDT fell by 0.62% to $83.3 billion, which is also the first time USDT has recorded a market value decline at the end of the month since October 2022. In addition, the total trading volume of stablecoins also fell by 6.14% to $453 billion.

However, First Digital Labs' FDUSD stablecoin skyrocketed 1,410% in market value to $305 million after it was launched on Binance last month. PayPal has launched a PYUSD stablecoin pegged to the US dollar on Ethereum, with a fully diluted market value of $27 million.

Tether USDt Tether USDt $1.00
-0.03%
USDT
Comments

All Comments

Recommended for you

  • The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%

     the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%.

  • U.S. stocks open, most crypto stocks open lower

     the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back.

  • BTC breaks through $98,500

    market shows BTC breaking through $98,500 and is now trading at $98,501.24, with a 24-hour increase of 0.84%. The market is volatile, so please be prepared for risk control.

  • Cardano's ADA Hits Highest Level Since May 2022 as Bitcoin Nears $100K and Capital Rotates into Alternative Cryptocurrencies

    Cardano's ADA has reached its highest level since May 2022, with evidence of significant participation from large traders in the on-chain activity. As Bitcoin approaches the $100,000 mark for the first time, capital is shifting towards alternative cryptocurrencies, generating excitement in the wider crypto market. Additionally, Bitcoin has broken a new record above $98,000, and there are reports that former US President Donald Trump is considering appointing a "Crypto Czar" and a crypto lawyer for SEC Chair. BlackRock's IBIT options launch has also contributed to Bitcoin's new ATH.

  • BCH breaks through $500

    market shows BCH has surpassed $500, currently trading at $521, with a daily increase of over 20%. The market is volatile, please be prepared for risk control.

  • Bitwise Bitcoin ETF's holdings exceed $4 billion

    Bitwise's official data update shows that as of November 20th, the BITB Bitcoin exchange-traded fund's position has reached 42,451.73 BTC, with a market value exceeding 4 billion USD, currently reaching 4,003,716,971.36 USD.

  • BTC breaks through $98,000

    market shows BTC has broken through $98,000 and is now trading at $98,001, with a 24-hour increase of 5.09%. The market is highly volatile, so please be cautious and control your risks.

  • BTC breaks through $97,000

    the market shows BTC has broken through $97,000 and is currently trading at $97,011 with a 24-hour increase of 5.28%. The market is volatile, please be prepared for risk control.

  • BTC breaks through $95,000

    the market shows BTC has broken through $95,000 and is now trading at $95,049.99, with a 24-hour increase of 3.75%. Market fluctuations are significant, so please be prepared for risk control.

  • BTC breaks through $94,500

    the market shows that BTC has broken through $94,500 and is now trading at $94,504.49, with a 24-hour increase of 2.99%. The market is volatile, so please be prepared for risk control.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company