{"id":12824,"date":"2024-04-23T11:29:41","date_gmt":"2024-04-23T08:29:41","guid":{"rendered":"https:\/\/forklog.com\/en\/stablecoin-market-capitalization-reaches-two-year-high\/"},"modified":"2024-04-23T11:29:41","modified_gmt":"2024-04-23T08:29:41","slug":"stablecoin-market-capitalization-reaches-two-year-high","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/stablecoin-market-capitalization-reaches-two-year-high\/","title":{"rendered":"Stablecoin Market Capitalization Reaches Two-Year High"},"content":{"rendered":"<p>On April 19, the combined market capitalization of stablecoins pegged to the US dollar rose to $165.2 billion, a level last seen in June 2022, according to <a href=\"https:\/\/www.theblock.co\/post\/290194\/stablecoin-supply-hits-highest-level-in-nearly-two-years-amid-usde-growth\">The Block<\/a>.<\/p>\n<p>The all-time high was $179.4 billion in April 2022.<\/p>\n<p>One of the growth drivers was interest in the &#8220;synthetic dollar&#8221; USDe launched by <a href=\"https:\/\/u1f987.com\/en\/news\/delta%e2%80%91neutral-synthetic-dollars-why-the-usde-stablecoin-matters\">Ethena Labs<\/a> in December 2023, whose capitalization reached approximately $2.37 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1000.webp\" alt=\"1-1000\" class=\"wp-image-231188\"\/><figcaption class=\"wp-element-caption\">Data: The Block.<\/figcaption><\/figure>\n<p>The leader, USDT, accounts for about 70% of the total market value in the segment.<\/p>\n<p>In August, Bernstein analysts predicted that stablecoin capitalization would grow to $2.8 trillion over the next five years.<\/p>\n<p>Earlier in April, Ripple announced plans to launch its own stablecoin by the end of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 19, the combined market capitalization of stablecoins pegged to the US dollar rose to $165.2 billion, a level last seen in June 2022, according to The Block. The all-time high was $179.4 billion in April 2022. One of the growth drivers was interest in the &#8220;synthetic dollar&#8221; USDe launched by Ethena Labs in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1500,1145,807],"class_list":["post-12824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethena","tag-market-analysis","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12824"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12824\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/12823"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}