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The stablecoin market, a significant segment of the altcoin ecosystem, has reached a historic milestone by surpassing a total value of $200 billion for the first time. According to data shared by CryptoQuant, this surge could indicate the beginning of a new upward trend in the cryptocurrency market. Stablecoins, which are pegged to the US dollar, are known for providing liquidity while protecting investors from volatility risks. Since November 2023, the stablecoin market has grown by $37 billion, which experts emphasize is a positive signal for both Bitcoin 
$86,011 and altcoins.
Dominance of USDT and USDC in the Stablecoin Market
Tether’s USDT continues to lead the sector with a market capitalization of $139 billion. Since November, USDT’s value has increased by 15%. After a 2% contraction at the beginning of the year, USDT’s 30-day liquidity change has returned to the positive territory.
Circle’s USDC ranks second with a market capitalization of $52.5 billion. USDC has become the fastest-growing stablecoin, expanding by 48% over the past six months. The liquidity growth rate for USDC has reached 20% in the last 30 days, marking the highest level recorded in the past year.
The Relationship Between Bitcoin and Stablecoin Liquidity
The growth in stablecoin liquidity supports the increase in Bitcoin’s value. The largest cryptocurrency has gained over 50% in value during the first quarter of 2024. During this period, the total cryptocurrency market capitalization rose from $2.2 trillion to $3.5 trillion.
Experts indicate that growth in the stablecoin market enhances investors’ available capital. This capital creates buying opportunities during market downturns while supporting prices in upward trends. The rising interest from institutional investors in stablecoins is fundamentally altering market dynamics.
