Stablecoins Surge to New Heights as Market Experiences Significant Growth – BitRss

The cryptocurrency market is witnessing substantial growth influenced by the U.S. administration. Recently, the market value of stablecoins, a category of altcoins, has increased significantly, reaching record levels. This market expansion is particularly evident through two leading assets in the sector.

Market Growth

Over the past 18 months, a notable increase in stablecoin liquidity has been observed. Since last November, an approximate growth of $40 billion has been reported, with the market surpassing the $200 billion mark on weekends. This increase is attributed to rising interest from traders in the market.

Leading Stablecoins

USDT ($1.00) and USDC ($1.00) have emerged as the prominent stablecoins in the market. Historically, USDT has maintained its popularity, while USDC has experienced a remarkable 48% growth in the last quarter. The competition between these two assets varies based on the influence of regulatory factors on investor preferences.

General analysis of the market indicates that the growth is primarily driven by USDT and USDC. The underperformance of other stablecoins suggest…