Stablecoin Ratio Hits Two-Year Low, Tether & Circle Mint $7B

Tether and Circle Mint $7B in Stablecoins

  • Tether and Circle have collectively minted $7 billion in stablecoins following a recent market crash.
  • Tether recently minted an additional $1 billion USDT.
  • The demand for dollar-pegged assets is increasing.
  • Tether's market capitalization stands at $182 billion, with a 58.4% share of the stablecoin market.
  • Circle's USDC holds a $76 billion market cap.
  • Tether has reached 500 million verified users, highlighting its broad adoption.

Binance Stablecoin Ratio

  • The stablecoin-to-Bitcoin ratio on Binance has dropped to its lowest point in two years, indicating potential buying power.
  • The ratio currently stands at 0.8149, suggesting traders are holding liquidity for potential buying opportunities.
  • This trend has historically preceded major price rallies during accumulation phases.

Citi's Stablecoin Market Forecast

  • Citi analysts project a $1.9 trillion stablecoin market by 2030.
  • Stablecoins are expected to represent 5% to 10% of total crypto valuation.
  • Stablecoins are compared to the growth of money market funds in the 1980s in terms of liquidity impact.

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