An incredible result for stablecoins, which return to highs after the biggest crisis ever.
There is another sign of the return of a sentiment very bullish in the crypto sector. It comes directly from the world of stablecoin and has been successfully registered by Bloomberg. The total capitalization of the world stable surpassed that which had been achieved during the 2022 shortly before the collapse of USTthe stablecoin that was tied to Earth Moon.
A collapse that was the signal of the end of bull run and following which comes a period of slight correction for the overall capitalisation. A correction that was basically triggered by the slowdown of all but reality USDT.
Now the gap, as will be seen in the graph below, has been completely filled. And, we add, in an important way given while $UST was based on a very unstable algorithmic system, this time it involves all (or almost all) real money, deposited in a bank or invested in short-term securities.
The most important signal for Bitcoin and crypto?
Maybe not, but certainly one of the most important signs of the return of enormous capital even outside the financial sector linked to Bitcoin and crypto. And in addition to this capital returned, this time effectively through reserves, the enormous capital accumulated by the ETF in the United States.
The overall capitalization of stablecoins
Regardless, the graph is more than clear. We are above 190 billion dollars in capitalization for the stablecoinwith a progression that is as rapid as it is consistent, which accelerated in November after the election result in the USA which effectively pushed the sector towards new highs.
Continue to dominate Tether
The issue is also a demonstration of how prevalent the US market is compared to others. Trump’s elections saw a major leap in the capitalization of the main stablecoins, which however has not occurred in any way after the arrival of the long-awaited regulation in Europe.
A regulation that the highest European leaders had sponsored in the international press as preparatory to growth in the sector and which for now has only resulted in the farewell of EURT and a halter agreement for the endorsement of USDC as a stablecoin in line with MiCA rules.
In any case, not bad. The push is the US market, which is also strong dominance absolute and total on the classic markets, it will end up having it on the crypto market too.
For now, net of the origins of the capital, for those inside an important part of the race has already taken place. And that could continue, at least from the signals coming from the world of stablecoins.
But is it real money?
Yes. They dominate the market Tether e USDCwhich have their capital invested largely in US government bonds. And therefore they are not created from nothingas some say.
The bulk of Tether’s securities, among other things, are held in custody by Cantor Fitzgerald, who through its CEO (who is now in the Trump government) has repeatedly stated publicly that the reserves are there.
Too little for those who speak of don’t trust, verify? Of course yes. But we are light years away from the accounting games of Terra Luna’s UST.
