According to CryptoQuant, the total stablecoin market capitalization has surged to over 204 billion USD, marking a 37 billion USD increase since the U.S. Presidential election on November 4, 2024.
Tether’s USDT has significantly contributed to this growth, with deposits on exchanges rising by 41% from 30.5 billion USD to 43 billion USD, enhancing market liquidity.
The stablecoin transfer volume in 2024 exceeded 27.6 trillion USD, surpassing Visa and Mastercard transactions, with 70% driven by bot activity, highlighting strong market participation.
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