The total value of stablecoins reached $180 billion

Stablecoins now account for more than 10% of the digital asset market capitalization as their value has reached $180 billion.

This information was confirmed by twocryptanalytic companies: Arcane Research and CryptoRank. According to their data, over the past 30 days, the total supply of stablecoins has increased by 6%, or $9.5 billion in absolute terms. In February, the three largest stablecoins (USDT, USDC, BUSD) entered the top 10 cryptocurrencies by market capitalization.

The most influential project remains Tether, whose coins account for 44%, although the last yearhis sentence is about onelevel. The company seems to be focusing on improving its financial performance during this time. She recently revised the composition of her investment portfolio and brought solvency indicators back to normal.

The main increase over this period came from USDC,which increased by 20%. If Coinbase and Circle do not slow down the rate of emission, then by mid-summer 2022 they will be able to bring their stablecoin to a leading position.

The popularity of stablecoins is due tohigh market volatility and a downward trend in the rates of most cryptocurrencies. During this time, digital currencies backed by real assets help preserve the value of capital. Analysts also note growing demand for stablecoins in developing countries.

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