USDT Leads Stablecoin Market Surge as Total Cap Nears $240 Billion

The stablecoin market is on the verge of a historic milestone, with its total market capitalization approaching $240 billion. This rapid growth is driven by a $5 billion increase in supply over just seven days. Tether (USDT) continues to dominate the sector with a 61.9% market share, while competitors like USDC, USDe, and DAI vie for position in an increasingly institutionalized market. Analysts at Citigroup predict exponential expansion, suggesting the market could scale even further in the coming years.

Stablecoins Market Cap Approaches $240 Billion Milestone Amid Rapid Growth

The stablecoin market is nearing a historic peak as its total capitalization surges to $240 billion, fueled by $5 billion in new supply over just seven days. Tether (USDT) maintains ironclad dominance with 61.9% market share, while competitors USDC, USDe, and DAI jockey for position in an increasingly institutionalized sector.

Citigroup analysts project exponential expansion, forecasting the market could scale to $2 trillion by 2030 should regulatory tailwinds persist. The explosive weekly growth rate of 2.18% underscores mounting demand for dollar-pegged assets as bridges between traditional finance and crypto ecosystems.

Cryptocurrency Market Update: Bitcoin Stabilizes at $95K, Tether Expands Supply

Bitcoin price shows resilience NEAR the $95,000 level after an 11% weekly gain, though it struggles to break March’s peak. The flagship cryptocurrency’s consolidation follows a decisive move above its 200-day EMA, suggesting underlying bullish sentiment despite short-term resistance.

Tether’s aggressive minting of 3 billion USDT across Ethereum and TRON networks signals growing demand for stablecoin liquidity. This expansion typically precedes heightened trading activity, potentially foreshadowing increased volatility across crypto markets.

Bitcoin Tests Resistance Amid Mixed Tether Signals

Bitcoin’s bullish momentum continues as it approaches the $95.4K resistance level for the fifth time this week. The cryptocurrency has established a short-term trading range between $93K and $95.4K, with increasing buying pressure suggesting a potential breakout.

Tether’s USDT reserves on Binance have surged, indicating growing buying power in the market. This development typically precedes altcoin volatility, with historical patterns suggesting potential outperformance against Bitcoin. However, conflicting signals from Tether metrics introduce uncertainty about the altcoin market’s near-term trajectory.