Strong increase in Tether (USDT) shows significant trend, while USD Coin (USDC) learns noticeable decline

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Ein bemerkenswerter Anstieg für Tether (USDT) Die Marktkapitalisierung von Tether (USDT) hat in den letzten Monaten einen bemerkenswerten Anstieg erlebt, der weitgehend den Anstieg des Bitcoin-Preises (BTC) widerspiegelt. Laut einem Bericht der Marktanalystin Simona bei CryptoQuant beträgt die aktuelle Marktkapitalisierung von USDT nun 83 Milliarden US-Dollar, was einem Anstieg von über 25 % im Vergleich zur Anfangszeit von 66,24 Milliarden US-Dollar im Jahr 2023 entspricht. Im Gegensatz dazu verzeichnete sein Gegenstück, der USD Coin (USDC), einen deutlichen Rückgang der Marktkapitalisierung. Die Marktkapitalisierung von USDC betrug zu Beginn des Jahres 44 Milliarden US-Dollar, ist aber nun um 47 % auf 23 …
A remarkable increase for Tether (USDT) The market capitalization of Tether (USDT) has experienced a remarkable increase in the past few months, which largely reflects the increase in the Bitcoin Prize (BTC). According to a report by the market analyst Simona at Cryptoquant, the current market capitalization of USDT is now $ 83 billion, which corresponds to an increase of over 25 % compared to the beginning of $ 66.24 billion in 2023. In contrast, his counterpart, the USD Coin (USDC), recorded a significant decline in market capitalization. The market capitalization of USDC was $ 44 billion at the beginning of the year, but is now by 47 % to 23 ... (Symbolbild/KNAT)

A remarkable increase for Tether (USDT)

The market capitalization of Tether (USDT) has experienced a remarkable increase in the past few months, which largely reflects the increase in the Bitcoin Prize (BTC). According to a report by the market analyst Simona at Cryptoquant, the current market capitalization of USDT is now $ 83 billion, which corresponds to an increase of over 25 % compared to the beginning of $ 66.24 billion in 2023. In contrast, his counterpart, the USD Coin (USDC), recorded a significant decline in market capitalization.

The USDC market capitalization was $ 44 billion at the beginning of the year, but has now dropped by $ 23 billion. In March, due to the US banking crisis, USDC had to deal with special challenges that led to panic and capital outflows. This led to USDC decoupled from the dollar. In contrast, USDT recorded tributaries during this period, since market participants searched consalation of the banking crisis in blockchain-based solutions due to the feared escalation of the banking crisis. With the increase in the Bitcoin Prize, the market capitalization of USDT also increased significantly.

In March, USDT increased its market capitalization by almost $ 9 billion, while the Bitcoin price increased by over 23 %-the second best month this year. USDC, on the other hand, lost more than $ 10 billion in market capitalization. After the severe decline in March, the USDC market capitalization had no comeback. Despite the decline, some market participants still prefer USDC to USDT. According to the report, this could indicate two different categories of investors with different preferences for USDT and USDC.

The increase in the market capitalization of Tether (USDT) shows that stable coins like this play an increasingly important role in the cryptocurrency sector. With their price connection to established currencies such as the US dollar, they offer stability and trust in market participants. Despite the volatility of the cryptoma market, they seem to be a safe alternative.

It remains to be seen how the market capitalization of USDT and USDC will develop in the future. The preferences of investors could continue to change, while new challenges and opportunities appear on the cryptoma market.

Source: Cryptoquant