Despite the crypto market downturn, the total market cap of stablecoins remains high, with USD1 growing by over 50% in January.
BlockBeats News, February 7, the crypto market has cooled down over the past two weeks, with the total market capitalization of cryptocurrencies quickly falling below $2.4 trillion. However, the total market capitalization of stablecoins remains at a high level. According to DefiLlama data, the total market capitalization of stablecoins is currently reported at $307.152 billion, still maintaining a historical high.
Among them, USDT has a market share of 60.28%. The stablecoin USD1 under WLFI has shown significant growth, with its circulating market capitalization increasing by 50.64% in the past month, now reported at $5.217 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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