Odaily News CryptoQuant says the growth of stablecoins over the past year could drive the next cryptocurrency rally. A report suggests that by 2024, stablecoin transfers could exceed the combined transaction volume of Visa and Mastercard.
According to the CryptoQuant weekly cryptocurrency report, the liquidity conditions in the cryptocurrency market, measured by the total value of stablecoins in circulation, have been boosted since the US presidential election. Report data shows that the total market value of stablecoins recently exceeded $200 billion, setting a record high of $204 billion. This marks a significant increase of $37 billion since Donald Trump won the US presidential election on November 4, 2024. (The Block)