Stablecoins, often taking the backseat from Bitcoin and other top cryptocurrencies, are now in the spotlight. According to on-chain data, the stablecoins market has surged to over $200 billion, with Tether\u2019s USDT and USDC as the main growth drivers.<\/p>\n
Based on CryptoQuant\u2019s data, the stablecoins market increased by $37 billion since the first week of November last year, when Donald Trump won his second presidency. The same CryptoQuant report shared that the stablecoin\u2019s performance may spill over to Bitcoin and other cryptos.<\/a><\/p>\n Alphractal shared the same data; this time, it highlights the growing role of USDC in the stablecoins<\/a> segment. According to Alphractal, USDC is eating up the share of USDT, and other altcoins are fueling its rise in the industry.<\/p>\n According to Alphractal<\/a>, the stablecoins market\u2019s steady but steady expansion, with Tether at the top, is evidence of its tenacity. According to recent market data, altcoin trades are helping USDC gain traction. The research claims that altcoin sales frequently move to USDC, boosting the market\u2019s supply.<\/p>\n Stablecoin Market Cap Surpasses $211B \u2013 USDC Gains Momentum!<\/p>\n Since 2023, the stablecoin market has grown significantly, mainly driven by USDT (Tether). However, recently, USDC has been gaining an edge over other stablecoins.<\/p>\n This trend is occurring due to the recent drop in\u2026 pic.twitter.com\/IRKrQErmCE<\/a><\/p>\n \u2014 Alphractal (@Alphractal) January 31, 2025<\/a><\/p>\n However, this coin is nearing its resistance level, and its replicating price movements were last seen in 2021. Unlike its rival, Tether\u2019s USDT, USDC enjoys strong institutional backing and regulatory clarity. These are the primary reasons many investors and institutions prefer USDC over Tether\u2019s USDT.<\/p>\n USDC and USDT are still the most popular stablecoins, but smaller stablecoins have not been growing since 2023.<\/p>\n The total market value of these alternative stablecoins has stayed mostly the same, indicating there has been little new development or growth beyond the two main coins.<\/p>\n The other coins\u2019 perceived poor adoption and popularity raise questions about the prospects of stablecoins. Like USDT, many of these \u201csmaller stablecoin projects\u201d face liquidity issues, lack of institutional support, and regulatory uncertainty. While it\u2019s good that the overall stablecoin market cap is growing, it\u2019s also alarming that it\u2019s only dominated by two coins: USDT and USDC.<\/a><\/p>\n USDC\u2019s current price action is nearing a critical resistance level, similar to its all-time high in 2021. If it continues to dominate and move past this resistance, this can translate to higher risk aversion, with capital moving away from meme or altcoins. In short, it\u2019s a bearish signal since people are looking for stability.<\/p>\n It\u2019s also interesting to note that USDC rose when altcoins crashed in price. This indicates that many investors are securing their gains.<\/p>\n Featured image from InfoMoney, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":" Stablecoins, often taking the backseat from Bitcoin and other top cryptocurrencies, are now in the spotlight. According to on-chain data, the stablecoins market has surged to over $200 billion, with Tether\u2019s USDT and USDC as the main growth drivers. Based on CryptoQuant\u2019s data, the stablecoins market increased by $37 billion since the first week of […]<\/p>\n","protected":false},"author":0,"featured_media":41047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41046"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41046"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/41047"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}USDC Nearing Its Key Resistance Level: Alphractal<\/strong><\/h2>\n
What About The Other Stablecoins?<\/strong><\/h2>\n
Bullish Or Bearish: USDC\u2019s Short-Term Outlook<\/strong><\/h2>\n