Stablecoins, often taking the rear seat of Bitcoin and other upper cryptocurrencies, are now in the spotlight. According to data on the chain, the Stablescoins market increased to more than $ 200 billion, with the USDT and the USDC in Tether as the main growth engines.
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Based on Cryptochant’s data, the Stablescoins market has increased by $ 37 billion since the first week of last year, when Donald Trump won his second presidency. The same cryptocurrency report has shared that stablecoin performance can spread to Bitcoin and others Cryptos.
Alphractal shared the same data; This time, this highlights the growing role of the USDC in the stable segment. According to Alphracttal, the USDC eats the share of the USDT, and other altcoins feed its increase in industry.
USDC is approaching its key resistance level: Alphractal
According to AlphractalThe regular but regular expansion of the Stablescoins market, with the attachment to the summit, is proof of its tenacity. According to recent market data, Altcoin professions help gain ground. Research claims that Altcoin sales frequently go to USDC, which increases market offer.
The market capitalization of the reserve exceeds $ 211 billion – USDC is growing!
Since 2023, the Stablescoin market has increased considerably, mainly pulled by the USDT (TETHER). However, recently, the USDC has won an advantage over other stablecoins.
This trend occurs due to the recent drop … pic.twitter.com/irkrqermce
– Alphractal (@alphractal) January 31, 2025
However, this part is approaching its level of resistance, and its replication price movements were seen for the last time in 2021. Unlike its rival, the USDT of Tether, the USDC benefits from solid institutional support and regulatory clarity. These are the main reasons why many investors and institutions prefer the USDC compared to the USDT in Tether.
What about other stablecoins?
USDC and USDT are always the most popular stablecoins, but small stablecoins have not developed since 2023.
The total market value of these alternative stalls has remained the same mainly, which indicates that there has been little new development or growth beyond the two main parts.
The poor adoption and popularity perceived of other parts raise questions about the perspectives of stablecoins. Like the USDT, many of these “small stable projects” are faced with liquidity problems, the lack of institutional support and regulatory uncertainty. Although it is good that the global market capitalization of the stable increases, it is also alarming that it is only dominated by two parts: USDT and USDC.
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Bulsish or Barsish: the short -term perspectives of the USDC
The action of current prices of the USDC is approaching a level of critical resistance, similar to its top of all time in 2021. If it continues to dominate and exceed this resistance, this can result in an aversion of higher risk, with capital moving away from memes or altcoins. In short, it is a lower signal since people are looking for stability.
It is also interesting to note that the USDC has increased when altcoins collapsed prices. This indicates that many investors get their earnings.
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