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Homeweb3.0Stablecoin Supply Surges as Investors Seek Cryptocurrencies at Lower Prices

Stablecoin Supply Surges as Investors Seek Cryptocurrencies at Lower Prices

Aug 10, 2024 am 09:06 AM
USDTCrypto market Supply USDC

The supply of the two dominant stablecoins, Tether (USDT) and Circle's USD Coin (USDC), has seen a remarkable increase of nearly $3 billion within a single week.

Stablecoin Supply Surges as Investors Seek Cryptocurrencies at Lower Prices

The market sell-off earlier this week appears to have sparked renewed interest among investors in acquiring cryptocurrencies at lower prices, as evidenced by a nearly $3 billion increase in the supply of the two dominant stablecoins.

According to data from on-chain analysis platform Lookonchain, Tether (USDT) has been transferring $1.3 billion to exchanges and market makers since the beginning of the week. This recent issuance has pushed USDT's market capitalization past $115 billion, marking a new all-time high.

Unterdessen verzeichnete auch die Marktkapitalisierung des zweitgrößten Stablecoins, Circle's USD Coin (USDC), diese Woche ein deutliches Wachstum von rund 1,6 Milliarden US-Dollar. Laut TradingView-Daten erreichte die Marktkapitalisierung von USDC 34,5 Milliarden US-Dollar, den höchsten Wert seit März 2023. David Shuttleworth, ein Forschungspartner bei Anagram, stellte fest, dass der Großteil dieses Wachstums mit 1,36 Milliarden US-Dollar im Ethereum-Netzwerk stattfand, während USDC auf Solana 356 US-Dollar erreichte Millionen an Zuflüssen.

Diese Entwicklungen kommen daher, dass nach dem Marktausverkauf Gelder an die Börsen verlagert werden. Beispielsweise verzeichnete Binance, die größte Kryptowährungsbörse, laut DefiLlama-Daten innerhalb von nur vier Tagen nach dem Marktcrash über 1,5 Milliarden US-Dollar an USDT-Einlagen und 820 Millionen US-Dollar an USDC-Einlagen.

Der Digital-Asset-Broker FalconX hat ebenfalls einen erheblichen Kaufdruck gemeldet, wobei fast alle Arten von Anlegern, darunter Hedgefonds, Risikofonds und Einzelhandelsaggregatoren, in diesem Zeitraum Nettokäufer waren.

Stablecoins, bei denen es sich um tokenisierte Versionen traditioneller Fiat-Währungen handelt, spielen eine entscheidende Rolle, indem sie die Lücke zwischen konventionellem Geld und Blockchain-basierten Märkten schließen. Sie stellen wesentliche Liquidität für den Handel und die Kreditvergabe im Kryptoraum bereit. Ein wachsendes Stablecoin-Angebot ist oft ein Hinweis auf einen gesunden breiteren Markt.

Die gesamte Stablecoin-Marktkapitalisierung verzeichnete zwischen November und März ein schnelles Wachstum, das mit der Rallye der Kryptowährungspreise übereinstimmte und Bitcoin (BTC) ein neues Rekordhoch von über 72.000 US-Dollar erreichte. Als sich der Kryptomarkt abkühlte, verharrte er jedoch einige Monate lang auf einem Plateau. Letzten Monat zeigten sich Anzeichen eines erneuten Wachstums.

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