Cointime

Download App
iOS & Android

The total market value of stablecoins reaches US$131.9 billion, and USDT’s market share exceeds 70%

According to Defillama data, as of January 5th, the total market value of stablecoins reached $131.9 billion, an increase of 0.98% from the previous week. In addition, the circulation of USDT has exceeded $92.7 billion, with a stablecoin market share of 70.28%.

Comments

All Comments

Recommended for you

  • In the past 24 hours, the entire network has liquidated $405 million, mainly short positions

     data shows that a total of $405 million was liquidated in the past 24 hours, with long positions liquidated at $79.9603 million and short positions liquidated at $325 million.
  • BlackRock deposits 44,774 ETH and 900 BTC into Coinbase Prime

     according to Arkham monitoring data, about 1 hour ago, BlackRock deposited 44,774 ETH (USD 195.29 million) and 900 BTC (USD 101.67 million) into Coinbase Prime.
  • BNB breaks through $880

     market showed that BNB broke through $880, now reported at $880.08, with a 24-hour increase of 1.07%. The market is fluctuating significantly, please be cautious and manage risks.
  • After the release of the non-farm payroll data, spot gold rose by nearly $20 in the short term and is now at $3,571 per ounce.

     release of non-farm data, spot gold rose nearly $20 in the short term, now trading at $3571 per ounce.
  • Pump.fun has spent over $62.6 million to repurchase its native token PUMP

    according to Dune Analytics data, Pump.fun has spent over $62.6 million to buy back its native token PUMP. The buyback has absorbed over 16.5 billion tokens, with an average buyback price of $0.003785, aiming to stabilize the price trend and reduce selling pressure.
  • Data: 102,000 Bitcoin contracts will expire on Deribit at 4:00 PM this Friday

     according to unfolded data, at 16:00 this Friday, Deribit platform will have 102,000 Bitcoin contracts expiring, with a nominal value of 11.34 billion US dollars.
  • CoinShares: Total outflows from digital asset investment products reached $1.43 billion last week

     latest report from CoinShares shows that last week saw a significant outflow of funds from digital asset investment products for the first time in weeks, totaling $1.43 billion, the highest level since March. Last week, trading volume for Exchange-Traded Products (ETPs) reached $38 billion, about 50% higher than the average for this year. At the beginning of this week, a pessimistic sentiment surrounding the Federal Reserve led to a $2 billion outflow of funds. However, market sentiment shifted after Jerome Powell's speech at the Jackson Hole symposium, which was widely interpreted as more dovish than expected, leading to an inflow of $594 million.
  • BTC breaks through $118,000

    market shows BTC breaking through $118,000, now reporting $118,022.35, with a 24-hour increase of 0.14%. The market fluctuates greatly, so please be prepared for risk control.
  • Hong Kong Legislative Council Member Tam Yue-heng: Accelerate the issuance and trading of stablecoins that match the characteristics of the linked exchange rate system

    Tan Yueheng, a member of the National Committee of the Chinese People's Political Consultative Conference and the Legislative Council, published an article entitled "Consolidating the Status of Financial Center and Sharing the Dividend of Deepening Reform". In it, he pointed out that in the field of digital finance, the SAR government must continue to develop digital finance and qualified virtual products, explore new beneficial financial formats, and promote the new productive forces of the financial industry. Hong Kong must promote the participation of financial technology companies in the stable coin sandbox mechanism, accelerate the issuance and trading of stable coins with the characteristics of matching linked exchange rate system, expand the testing scope and landing scenarios of digital RMB as a cross-border payment tool, and focus on developing products that are linked to virtual assets and underlying real assets, transforming art, real estate, equity, and carbon emissions into digital tokens through blockchain technology.
  • The History & Future of $MONEY

    Stablecoins have emerged as a foundational pillar within decentralized finance (DeFi), providing access to a fast, efficient, borderless, and stable way to transfer value on the internet. Among the plethora of decentralized stablecoin projects, one stands out for its innovative approach and groundbreaking advancements: $crvUSD.