CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
CoinDesk 2025-03-10 09:53:09

Stablecoin Market Cap Tops $200B as U.S. Sees Industry Helping Maintain Dollar Dominance

The combined market capitalization of the five biggest stablecoins passed $200 billion for the first time after Treasury Secretary Scott Bessent pledged on Friday to use the digital assets to help maintain the greenback as the world's reserve currency. The market cap of the coins, whose value is pegged to a real-world equivalent such as the U.S. dollar, climbed as high as $205 billion, Glassnode data shows. Demand was buoyed by investors seeking relief from sliding cryptocurrencies such as bitcoin ( BTC ) and ether ( ETH ). Since President Donald Trump won the U.S. election, the stablecoin market cap has grown by $40 billion. With both cryptocurrencies and U.S. equities struggling in recent weeks, stablecoins have emerged as the clear winners. Market leader Tether's USDT has maintained a market cap of around $140 billion since December, while second-placed USDC, issued by Circle, is nearing $60 billion — an increase of $25 billion since the election. At the Digital Asset Summit on Friday , Bessent said, "We are going to keep the U.S. the dominant reserve currency, and we will use stablecoins to do it." Bessent's remarks highlight concerns over macroeconomic and geopolitical uncertainty, which could lead to a decline in foreign demand for U.S. debt, pushing treasury yields higher. Over the past year, Japan and China , the two largest holders of U.S. Treasuries, have reduced their holdings. For the dollar to maintain its status as the world’s reserve currency, there must be consistent demand for U.S. debt. The administration identified stablecoins as an ideal partner in this strategy. By holding U.S. debt as reserves, stablecoins can help lower Treasury yields while simultaneously expanding the global reach and dominance of the dollar. Stablecoins need to have dollars available to repay investors looking to cash out. Tether is already one of the largest holders of three-month U.S. Treasuries.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta