State of Stablecoins 2024 by CoinGecko: Key Insights 🌐

CoinGecko's latest report highlights the evolving stablecoin market, with USD-pegged assets reaching a market cap of $161.2B in 2024, though below the 2021 peak. USDT, USDC, and DAI lead, comprising 94.8% of trading volume, while Layer-2 rollups like Arbitrum gain traction over Ethereum. Despite their stability, these assets face risks, such as smart contract vulnerabilities and collateral concern.

💡 Read more from CoinGecko’s full report, and take a look at Stabolut ;)

State of Stablecoins 2024 by CoinGecko: Key Insights 🌐

CoinGecko's latest report highlights the evolving stablecoin market, with USD-pegged assets reaching a market cap of $161.2B in 2024, though below the 2021 peak. USDT, USDC, and DAI lead, comprising 94.8% of trading volume, while Layer-2 rollups like Arbitrum gain traction over Ethereum. Despite their stability, these assets face risks, such as smart contract vulnerabilities and collateral concern.

💡 Read more from CoinGecko’s full report, and take a look at Stabolut ;) 

https://assets.coingecko.com/reports/2024/CoinGecko-State-of-Stablecoins-2024.pdf

interesting insights, thanks for sharing! 🚀

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