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Stablecoin Market Cap Marks the Biggest Increase in 3 Months

The market capitalization of the six largest stablecoins – USDT, USDC, DAI, BUSD, TUSD, and USDP – has spiked by over $1 billion over the weekend, marking the biggest climb in three months. This could be considered a breath of fresh air for those assets since some have shown signs of weakness lately. USDT – the leading stablecoin with a current market cap of over $83 billion – slightly deviated from its $1 dollar parity last week, sparking concerns among the community. However, the price returned to its $1 level in the following days, while Tether’s CTO Paolo Ardoino explained the fluctuation with the recently-induced FUD in the market.

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