Stablecoins Expand Amid Market Volatility

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The stablecoin market is approaching the $240 billion threshold, with notable rapid growth among some emerging tokens.

According to Bitcoin.com News on the 27th (local time), the stablecoin economy currently holds a value of $239.108 billion, requiring an additional $892 million to surpass the $240 billion threshold. According to defillama.com data, the stablecoin sector grew by 1.96% this week since April 20, 2025.

This reflects a value increase of $4.581 billion during this period. The leading Tether saw its USDT supply increase to $147.695 billion, recording a 1.71% rise. Circle's USDC rose by 2.28% over seven days, reaching a market capitalization of $62.273 billion.

However, Ethena's USDe declined by 1.26% this week, with its supply decreasing by 9.96% over the past month. As of April 27, USDe's total market value is approximately $4.764 billion. Among the top 10 by market capitalization, Sky's USDS showed the largest growth this week, rising by 7.93%.

USDS's current market capitalization stands at $4.213 billion. Dai improved by 3.16%, and Blackrock's BUIDL increased by 3.49%. Dai's current value is $4.146 billion, while BUIDL reached $2.536 billion on April 27. Another notable rise this week was TRON's USDD, which increased by 12.62%, and Ripple's RLUSD, which grew by 7.91%.

The stablecoin issued by Ripple currently has a market capitalization of approximately $317.04 million. The steady rise in the stablecoin sector demonstrates its important position within the cryptocurrency market, with leading tokens like USDT and USDC continuing to strengthen their dominance amid various performances.

While some assets experienced declines, emerging competitors like USDS and RLUSD suggest changes in market dynamics. This expansion, approaching the $240 billion mark, proves the continued significance of stablecoins even amidst broader market fluctuations.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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