The current total market value of stable currency is about US $136.5 billion

According to the report, according to the data of Coinsecko, the current total market value of the stable currency is about 136.5 billion US dollars, of which the market value of USDT, USDC and BUSD are respectively 718, 439 and 8.47 billion US dollars, and the market value of USDT accounts for a new high since November 2021.

Interpretation of this information:

The market value of stablecoins, which are cryptocurrencies designed to maintain a stable value, has reached a total of roughly 136.5 billion US dollars according to data from Coinsecko. Among the top stablecoins, USDT, USDC and BUSD have market values of 718, 439, and 8.47 billion US dollars, respectively. USDT’s market value in particular has reached a new high since November 2021.

The rise in market value of stablecoins can be attributed to their ability to provide stability in a highly volatile market, as well as their use for trading purposes. Stablecoins are often used as a safe haven for cryptocurrency traders during times of uncertainty, as their value does not fluctuate as much as other cryptocurrencies. They also provide a means of bypassing traditional monetary systems and a way to facilitate international transactions.

USDT is the most popular and widely used stablecoin, making up over half of the total stablecoin market value. Its popularity can be attributed to its early adoption and availability on many popular cryptocurrency exchanges. USDC and BUSD are also gaining popularity due to their increasing adoption by mainstream financial players such as PayPal and Visa.

Overall, the growth of stablecoins reflects the growing acceptance of cryptocurrencies among mainstream financial players and the need for a more stable and reliable means of transacting in the cryptocurrency market. The increasing adoption and market value of stablecoins is likely to continue as the cryptocurrency market continues to mature and stabilize.