Ryan Weeks analyzed the reasons behind the growth in market value of stablecoins and stablecoin-like tokens this year. According to DeFiLlama data, the total market value of all circulating stablecoins has increased by nearly 20% year-to-date, reaching approximately 242 billion USD.

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  Ryan Weeks unpacks the reasons behind this year’s growth in market value for stablecoins and stablecoin-like tokens. The stablecoin market is pumping. So far this year, the total market value of all stablecoins in circulation rose almost 20% to about $242 billion, according to DeFiLlama data. 

Ryan Weeks analyzes the growth in market value of stablecoins and the driving factors behind it.