Stablecoin's Total Market Cap Surpasses $200 Billion, Record High
The total market capitalisation of stablecoins has reached a record $200 billion on 9 December, up 13% from the previous month. Analysts say the surge reflects investors seeking higher yield opportunities on decentralised financial platforms.
According to analysts David Duong and David Han, the rise in stablecoin's market capitalisation suggests that investors are looking to take advantage of the higher returns offered by the DeFi lending protocol. ‘We believe this represents an influx of new money aimed at taking advantage of increased lending rates, which are more than three times higher than long-term bond yields, or looking for higher-beta trading opportunities on the chain,’ they said.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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