Big news in the world of cryptocurrency! Stablecoins, which are like digital money tied to the value of a real dollar, just hit a huge milestone. Their total value passed $200 billion for the first time ever!
This happened partly because people are moving their money into safer investments while the prices of Bitcoin and Ether are going down. A government official even said they plan to use stablecoins to help keep the US dollar strong.
- Stablecoins are like digital dollars.
- Their total value is now over $200 billion.
- People are using them because other cryptocurrencies are less stable.
- A government official supports using stablecoins.
| Fact | Number |
|---|---|
| Total value of top stablecoins | >$200 billion |
| Tether's market cap | ~$140 billion |
| USDC's market cap increase since election | +$25 billion |
