Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Stablecoin Adoption Hits 8.7 Million Wallets Amid Market Fluctuations

Source Livebitcoinnews

The adoption of stablecoins has surged, with a recent report from CoinGecko revealing that 8.7 million wallet addresses now hold these digital assets. This growth underlines the growing function that stablecoins perform in the crypto sphere, being a stable link between legacy finance and blockchain.

In this report, Tether (USDT) leads with the greatest holder count, with more than 5.8 million wallets. This comes in as more than twice its closest competitor, the USD Coin (USDC), which has about 2.2 million holders. Other stablecoins are comparatively less held; for instance, DAI has over 505,000 wallet holders.

Stablecoins more commonly represent tokens anchored to some form of real-world reference, such as a fiat currency or commodities. This allows community members to engage within the crypto ecosystem without risking high fluctuations. Ever since the concept was developed and implemented, organizations such as Tether and Circle have enabled users to transmute ordinary money to stablecoins and back.

Fiat-backed stablecoins also increased their market capitalization to $161.2 billion in 2024 but remain lower than the previous high of $181.7 billion in 2021. Fiat-backed stablecoins form the second type, and though they have grown their market cap to $1.3 billion, as seen by Tether Gold (XAUT) and PAX Gold (PAXG), they remain minuscule compared to fiat-backed stablecoins.

Stablecoins Grow to 8.2% of Crypto Market, Despite Volatility Issues

Currently, stablecoins account for 8.2% of the entire cryptocurrency market capitalization, while in January 2020, they composed 2%. This growth is due to the propensity to be used during volatile market times thereby offering safety to investors.

However, most stablecoins have not been effective in stabilizing their value during moments of market volatility. The success of the peg has been relatively higher for well-established stablecoins such as USDT, USDC, and DAI compared to other relatively newly formed or partially algorithmic stablecoins, which have been volatile most of the time.

Overall, the rise in stablecoin adoption reflects their growing importance in the crypto ecosystem, offering stability and accessibility in an otherwise volatile market.

The post Stablecoin Adoption Hits 8.7 Million Wallets Amid Market Fluctuations appeared first on Live Bitcoin News.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Author Mitrade

Nov 11, Wed

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Nvidia slid 7.7% after hours while AMD and Broadcom rose — the AI trade changed hands, it didn't break Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.

Author Irene Q.

Nov 12, Thu

Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.

US October PPI Preview: Fed Rate Hike Expectations Rise, PPI May Be Key Variable; How Will US Stocks, Dollar, and Gold Move?On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP

Author TradingKey

Nov 12, Thu

On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP

Gold hit a one-year low while central banks bought 321 tonnes — the sellers were never the ones you think Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.

Author Irene Q.

Yesterday 02: 40

Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.

Brent rose 3.3% and US crude stocks built 4.66 million barrels in the same week Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.

Author Irene Q.

Yesterday 03: 06

Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.

Popular Symbols