Tether/Circle Stablecoin Supply Growth Signals Strong Liquidity Backing Crypto Rally
2025-07-11 15:50:07
Main Idea
The market capitalization of the two largest stablecoins, USDT and USDC, has shown significant growth since July and April, indicating strong liquidity backing.
Key Points
1. USDC's market cap grew by $1.3 billion in July, reaching $62.8 billion, while USDT added $1.4 billion to hit nearly $160 billion.
2. Since April, USDT expanded by $15.2 billion (10.5%) and USDC added $2.7 billion (4.6%).
3. The growth in stablecoin supply signals strong liquidity backing, predominantly tied to the U.S. dollar.
Description
As bitcoin BTC pushed past all-time highs and other cryptocurrencies surged, the rise in stablecoin supply is offering a signal that this rally may have deeper roots. Tether’s USDT and Circle’s USDC, the two largest dollar-pegged stablecoins, each reached new record supplies this week, according to TradingView data. Since the start of July, USDC’s market cap has grown by $1.3 billion, reaching $62.8 billion, while USDT added $1.4 billion to hit nearly $160 billion. Looking further back to April,...
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