Stablecoin

Boost

April

Coin

<ul class="news-points"> 
 <li>Large investors accumulated 5.09% of leading stablecoins as stablecoins mark the highest market cap since 2022.</li> 
 <li>Whales now hold 55.37% of the total supply, indicating significant institutional participation.</li> 
 <li>Stablecoins serve as a refuge from volatility and provide liquidity for future trades, analysts suggest.</li> 
</ul> 
Crypto analysis platform Santiment revealed a surge in stablecoin holdings by large investors. Their data shows that wallets containing at least $5 million in cryptocurrency have collectively added 5.09% of the total supply of leading stablecoins like Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) over the past three weeks. 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/ndQL4FSPYUkWSOLLI88_ZBTRZhx8H2ksqzoe-TLJmo7cg3WmAuZXkRdXJRvf0TLmB_2zF-W_ydroH9ME7zYzgQixswRdhhthFCuTzPCyD4Y8KA-Jryom9qVt_AKru4gr3o7rx4kakB1sydXI6yW-ai0" alt="">
 <figcaption class="wp-element-caption">
 <a href="https://t.co/BIR43pbgNO" target="_blank" rel="nofollow">Source: Santiment news</a>&nbsp;
 </figcaption>
 </figure>
</div> 
This significant accumulation, exceeding $143 billion (143.02B BTC), marks the highest combined market cap for these stablecoins since 2022. Interestingly, whales now hold a sizable portion, 55.37%, of the total supply of these major stablecoins. 
One possibility is investors seeking refuge from potential market volatility by parking their funds in stablecoins, which offer price stability compared to other cryptocurrencies. 
The current market capital of stablecoin stands at a total of $150.03 b…
The post <a href="https://coinedition.com/large-investors-boost-stablecoin-holdings-as-stablecoin-hits-highest-market-cap-since-2022/">Large Investors Boost Stablecoin Holdings as Stablecoin Hits Highest Market Cap Since 2022</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Large Investors Boost Stablecoin Holdings as Stablecoin Hits Highest Market Cap Since 2022

Coin Edition

2024년 4월 2일에 게재된 다른 기사

Are Open-source AI Initiatives a Rising Challenge to Tech Giants’ Dominance?

Is Trust in AI Essential for Its Integration into Society?

COTI unveils V2 Whitepaper for enhanced Ethereum confidentiality

Koala Coin (KLC) Presale Offers Plush Gains While Ripple (XRP) and Avalanche (AVAX) Report Slim G...

Is It Time to Buy the Bottom in Bitcoin and Altcoins? Santiment Explained!

Most Trending Cryptocurrencies on Polygon – AETHER Games, Aavegotchi FUD, Metavault Trade

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!