The Stablecoin Revolution: Are You On Board ?

ByadminOctober 10, 2024, 1:46 PM1 Mins read85 Views

By Kapil Rajyaguru

Stablecoins are gaining traction as a gateway to mainstream crypto adoption, with Tether (USDT) leading the market at a $119.6 billion market cap and holding $97 billion in U.S. Treasuries. USDC is catching up, with 59% wallet adoption growth in 2023, fueling the battle for stablecoin dominance.

Over 104 million addresses now hold stablecoins, which make up 65% of crypto payroll transactions, providing stability in a volatile market. The stablecoin market cap has reached $165.93 billion, highlighting its increasing role in global finance.

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