CryptoQuant: The growth of stablecoin supply may drive the next round of cryptocurrency rally

2025-01-31 22:47:29

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ChainCatcher news, CryptoQuant indicates that the growth of stablecoins over the past year may drive the next cryptocurrency rally. A report shows that by 2024, the transfer volume of stablecoins will exceed the total transaction volume of Visa and Mastercard.

According to CryptoQuant's weekly cryptocurrency report, the liquidity situation of the cryptocurrency market, measured by the total value of circulating stablecoins, has been boosted since the U.S. presidential election. The report data shows that the total market capitalization of stablecoins recently surpassed $200 billion, reaching a historical high of $204 billion. This marks a significant increase of $37 billion since Donald Trump won the U.S. presidential election on November 4, 2024.

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