Over the past 90 days, the stablecoin economy has expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the last 30 days, one of the fourth-largest U.S. dollar-pegged coins experienced a 46.1% increase in its supply.
Stablecoin Market Surges Over the Last 90 Days
While the past month has seen minimal growth in the stablecoin economy, the previous 90 days have witnessed an influx of $16.23 billion. For instance, on March 11, the market cap of a leading stablecoin was $101.18 billion, which has since climbed to $112.5 billion. This indicates that over this period, the supply of this stablecoin increased by $11.32 billion.
As a result, this stablecoin accounted for more than 69% of the $16.23 billion entering the stablecoin market over the last 90 days. Over the past month, its supply has risen by 1.3%. Meanwhile, another major stablecoin experienced a 2.7% decline over the last month, yet it showed growth over the 90-day span, moving from a market cap of $29.88 billion on March 11 to $32.23 billion today.
Another well-known stablecoin, with a market valuation of $4.55 billion 90 days ago, has reached $5.26 billion today, despite a 3% decrease over the past month. A different stablecoin, which was the sixth-largest by market cap 90 days ago, has now risen to fourth place. At that time, it had a market cap of $848 million following a 334% increase in 30 days.
Currently, this stablecoin’s market cap has risen to $3.36 billion, with its supply increasing by 46.1% in the past month. Another stablecoin, which ranked fourth in market cap on March 11, has slipped to fifth place, with a 14.2% reduction over the last 30 days, bringing its market cap to $3.27 billion, just below the former’s.
What are your thoughts on the growth of the stablecoin market over the past 90 and 30 days? Share your opinions in the comments section below.