Stablecoin market caps reached unprecedented heights in Q4, surging to $311B 📈
The sector saw significant shifts in the rankings. $USDe experienced a sharp correction following a depeg incident on a major exchange, contracting from nearly $15B to $6.3B in market capitalization. Meanwhile, $PYUSD demonstrated strong momentum, adding $1.2B to its total and climbing to $3.6B, solidifying its position as the fifth-largest stablecoin by market cap.
These movements reflect evolving market dynamics and shifting investor preference across the stablecoin landscape.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
4
Repost
Share
Comment
0/400
MetaverseMigrant
· 5h ago
USDe this wave of decline is incredible, dropping directly from 15B to 6.3B, the decoupling event is really a killer move.
PYUSD is jumping in again, this rhythm is quite interesting, the market is still re-evaluating sides.
The figure of 311B looks pretty vague, is this how stablecoins are supposed to be?
By the way, who is still messing around with these small coins? USDT and USDC are the real mainstream, right?
View OriginalReply0
RektCoaster
· 5h ago
USDe directly slashed in half, this decoupling event is quite harsh, the market is really ruthless
PYUSD quietly making big profits, this wave is indeed stable
311B, this number, stablecoins are really going to dominate the world
Damn, how did USDe drop so quickly? It was still boasting quite fiercely before
PYUSD rose to fifth? The ranking is changing so fast
Is the stablecoin market this competitive? These changes this year
Such a serious decoupling, investors need to be more cautious
It feels like stablecoins are now all fighting for position, whoever can hold on will win
View OriginalReply0
LiquidationTherapist
· 5h ago
USDe's decoupling was really brutal, directly halving in value. However, with PYUSD gaining momentum, it’s kind of interesting. Should we consider buying the dip?
View OriginalReply0
GasWaster69
· 5h ago
USDe took a pretty heavy hit this time, decoupling and dropping by half. But PYUSD is bottoming out, is this a bet on BlackRock?
Stablecoin market caps reached unprecedented heights in Q4, surging to $311B 📈
The sector saw significant shifts in the rankings. $USDe experienced a sharp correction following a depeg incident on a major exchange, contracting from nearly $15B to $6.3B in market capitalization. Meanwhile, $PYUSD demonstrated strong momentum, adding $1.2B to its total and climbing to $3.6B, solidifying its position as the fifth-largest stablecoin by market cap.
These movements reflect evolving market dynamics and shifting investor preference across the stablecoin landscape.