Cryptocurrency Q&A
What is stablecoins' market cap?
What is stablecoins' market cap?
lucas_emma_entrepreneur
Wed Jul 10 2024
|
5 answers
1001
As a keen observer of the cryptocurrency landscape, I'm particularly intrigued by the role of stablecoins in the digital finance ecosystem. Could you elaborate on the current market capitalization of stablecoins? Stablecoins, as a class of cryptocurrencies, aim to maintain a stable value relative to a real-world asset, such as the US dollar. Their market cap serves as a crucial indicator of their influence and adoption in the broader crypto sphere. Given the volatility of other cryptocurrencies, stablecoins' market cap offers valuable insights into investors' appetite for stability and their role in facilitating cross-border transactions and payments. I'd appreciate a concise yet comprehensive overview of this metric.
5 answers
GeishaElegance
Fri Jul 12 2024
This substantial amount accounts for 6.03% of the total market capitalization of the cryptocurrency industry.
Was this helpful?
293
45
Martina
Fri Jul 12 2024
The chart illustrating the global market cap and volume of cryptocurrencies provides a comprehensive overview of the current landscape.
Was this helpful?
379
27
Ilaria
Fri Jul 12 2024
The data is derived from the tracking of 14,631 cryptocurrencies across 1,118 exchanges worldwide.
Was this helpful?
49
76
EmilyJohnson
Fri Jul 12 2024
Among these exchanges, BTCC, a UK-based cryptocurrency exchange, offers a range of services to its customers. These services encompass spot trading, futures contracts, and cryptocurrency wallets, among others.
Was this helpful?
82
38
KDramaLegendaryStar
Fri Jul 12 2024
The market capitalization of Stablecoins currently stands at a significant figure of $162 Billion.
Was this helpful?
198
21
