USDT and USDC Market Caps Show Resilience Despite Macroeconomic Challenges

Despite macroeconomic uncertainty and regulatory pressures, Tether (USDT) and USD Coin (USDC) have demonstrated significant growth in market capitalization over the past eight months, signaling sustained liquidity inflows into the crypto ecosystem. A recent report from Matrixport highlights this trend, underscoring investor confidence in stablecoins even as broader digital asset prices face downward pressure.

Stablecoin Inflows Persist Amid Macro Uncertainty

Despite ongoing macroeconomic uncertainty and regulatory challenges, the market caps of the two leading stablecoins USDT and USDC have seen substantial growth over the past eight months. A chart released by Matrixport on April 15 highlights sustained growth in the market caps of Tether (USDT) and Circle’s USD Coin (USDC). This suggests that liquidity continues to flow into the crypto ecosystem even though digital asset prices have declined considerably in recent months. From August 2022 to April 2023, USDT’s market cap surged from approximately $113 billion to over $143 billion, marking a 26% increase.

Tether Invests in Fizen to Boost Stablecoin Adoption

Tether, the issuer of the world’s largest stablecoin USDT, has invested in Fizen Limited to support broader adoption of stablecoins and self-custody solutions. The deal, announced on April 15, aims to promote financial inclusion through blockchain technology. The investment will help Fizen expand its blockchain infrastructure and improve stablecoin interoperability across various networks. Leo Vu, Founder and CEO of Fizen, believes that stablecoins like USDT will drive crypto payments and financial inclusion worldwide.

Tether Makes Strategic Investment in Self-Custodial Protocol Fizen

Tether, the company behind the world’s most used stablecoin USDT, has announced a major investment in Fizen Limited. The essence of this diversification is to make digital money easier and safer for individuals and businesses worldwide. According to Tether’s announcement, this new development is part of its plan to expand the real-life use of stablecoins, especially in everyday payments. Fizen is a startup that builds digital wallets and payment systems allowing users to store and spend cryptocurrencies without needing a third party.