From the mid of 2024 till the beginning of 2025, the stablecoin market capitalization has reached a new height, with USDT’s market cap ballooning like never before. The X post of CryptoQuant dated March 13 notes that USDT volume has reached new heights in the last 60 days.
In the same time frame, the market capitalization of stablecoins reached $226.1 billion, which was $203.9 billion; the growing demand for stablecoins demonstrates the growing adoption and usage of stablecoins globally.
Will stablecoins soon surpass Altcoins in terms of market cap
Over the past few weeks, major traction by the stablecoin market has been observed, and as of this writing, the collective market cap of the stablecoin market is $232 billion, and trading volume is $84,970,763, 452 with a decline of 11% in the past 24 hours.
In terms of market cap, USDT stands at the top, followed by USDC, Ethena, Dai, and Ripple USD, though in terms of prices Amnis Aptos Coin is the topper.
It is worth noting that USDT and its competitor, USDC, minted tokens and coins worth millions and billions; at the same time, the cap of USDT is above the 20, 50, 100, and 200-day exponential moving average.
Yet USDC’s market cap is comparatively lower than its close competitor USDT, as its market capitalization is quite lower than the market cap of USDT.
The stablecoins are the options for the ones intended to be invested in the cryptocurrencies, however, in terms of prices and other factors, market cap stands at the top with major other factors that make them different from others.
There are speculations that the stablecoins market is expected to reach a new milestone with the market cap above $300 billion, currently, the USDT is holding 60% dominance of the market capitalization.
