Stablecoins: The Secret Sauce for a Crypto Rally?

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Experts say that cryptocurrencies need more liquidity to keep the party going, and it looks like stablecoins might be the life of the party. According to the latest report from market research platform CryptoQuant, the stablecoin market cap has grown 17% this year, reaching a whopping $228 billion. That’s a lot of liquidity waiting to be deployed!

Tether’s USDT and Circle’s USD Coin (USDC) are leading the charge, with USDT’s market cap growing by 13% to $155 billion and USDC’s market cap increasing by 39% to $61 billion. 💰💸

Stablecoins on Centralized Exchanges Soar

CryptoQuant also found that the amount of stablecoins on centralized exchanges (CEXs) has hit record highs, with the value of ERC20 stablecoins on CEXs reaching approximately $50 billion. Most of this growth can be attributed to USDC, which has seen its exchange reserves increase by 1.6x to roughly $8 billion this year.

And let’s not forget about yield-bearing stablecoins, which have recovered and reached levels not seen since late March. Since their local low on May 23, the total value of yield-bearing stablecoins has risen 28% to $6.9 billion. 🎉🎊

“This recovery was driven by sUSDe, which increased by $1.23 billion, and sUSDs, which gained 35%—or $0.7 billion—in market cap over the same period,” CryptoQuant analysts added.

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2025-06-15 19:03