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Stablecoin Market Hits Record High, USDC and USDT Lead the Way

The post Stablecoin Market Hits Record High, USDC and USDT Lead the Way appeared first on Coinpedia Fintech News In a recent development, the stablecoin market capitalization hit a record high after steady growth since mid-2023. The recent data reveals that the stablecoin market cap grew 73% from $121.18 billion in August 2023 to a record $211 billion, with USDC gaining an advantage over other stablecoins. Excluding Tether’s USDT and USDC, other stablecoins have seen average growth since 2024, indicating that USDT and USDC are still the top choices in the crypto market. USDT hit a record high of $140 billion in December 2023. As of Jan. 31, its market cap is $139.4 billion, with a 63.84% dominance. Meanwhile, USDC’s market cap has grown by over 120%, rising to $53.4 billion now. CoinOtag

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Bitcoin ETFs Garner $318.6M Net Inflows, Ethereum ETFs Follow with $27.8M: ETF Flows Report January 31, 2025

ETF Flows: 31 Jan 2025 Bitcoin ETFs See $318.6M Net Inflows Ethereum ETFs See $27.8M Net Inflows ————— ????Coin: Bitcoin ( $BTC ) $102,436.80 Ethereum ( $ETH ) $3,302.66 ————— CoinOtag