Recently, the total market capitalization of USD backed Stablecoins has climbed to fresh all-time highs, marking several consecutive months of growth. This huge amount of inflows into centralized exchanges have remained strong, a classic sign of incoming buy-side pressure. These trends suggest that while the market takes a breather, capital isn’t fleeing.
The stablecoin market cap has surged to an all-time high of nearly $232 billion, with a $3 billion increase in the past week alone, according to the On-Chain data. This sustained growth — up over 50% since mid-2023 — indicates a consistent influx of liquidity into the market, often a precursor to bullish momentum.
Historically, prolonged expansions in stablecoin supply have aligned with accumulation phases that precede market rallies. With USDT maintaining a dominant 62.16% share, the data supports the view that the market remains well-positioned for a continuation of the bull cycle.
The 60-day market cap change of USDT, reveals a clear historical pattern: when USDT supply expands rapidly, Bitcoin tends to follow with strong price rallies. This aligns with past bullish setups, where fresh stablecoin supply signaled investor readiness to re-enter risk assets — often acting as a precursor to broader market momentum.
As of now, at the time of writing this article, the top market capitalization of top 10 USD backed stablecoins as per their market capitalization seems as USDT (#4, Market Cap $143.3 Billion) and USDC (#7, Market Cap $59.4 Billion).