Stablecoin market cap jumps $37b, hits record high since Trump’s victory

The market capitalization of Stablecoins has jumped by $ 37.6 billion since the electoral victory for US President Donald Trump in November.

A new report From the chain analysis supplier, Cryptochant revealed that the total value of the stablescoins denominated in USD in circulation has jumped to a new record since the announcement on November 6.

The report, which follows the total market capitalization of Tether (USDT), USD Coin, Binance USD, True USD, PAX Dollar and DAI, reveals that they have collectively reached $ 204 billion, which represents a 22% increase in the 86 days since Trump’s victory.

According to data, Tether filed on centralized exchanges was a major stablecoin liquidity engine, the figure increasing by 41% against $ 30.5 billion on November 4 to $ 43 billion on January 31.

According to the report, the market capitalization of stablescoin is an important metric to assess market activity because it acts as an important liquidity source for exchanges on scholarships and its growth is generally correlated with higher cryptography prices, This motivates retail merchants to become more active in the market. The data also shows that the USDC has developed strongly during the same period, just after USDT. An extract from the report can be read as follows:

The expansion of liquidity via the stablescoins continues to be motivated by the USDT of Tether, but the USDC of Circle has resumed the traction. USDT’s market capitalization is $ 139 billion today, up $ 19 billion (15%) since November 4. Meanwhile, USDC’s market capitalization has started to increase considerably, increasing by $ 17 billion (48%) during the same period. USDC market capitalization is now $ 52.5 billion

Cryptoques’ analysts believe that the booming market of stablescoin could be a signal that the next significant increase movement for Bitcoin And the prices of cryptography could be imminent.

The liquidity impulse, which measures the percentage of 30 days, the variation in market capitalization is now a roar of 20% for the USDC, while the USDT is again slightly positive after a brief contraction at the beginning of 2024 .