Stablecoin’s economy has seen a significant increase in the past month. The market capitalization, which is currently at $10 billion, is just $10 billion from the $200 billion mark. Tether (USDT), the biggest stablecoin according to market valuation, has seen its value increase by 3% over the last 30 day to $82billion. Terrausd (UST), however, has grown by 15.4% and reached $16.7billion.
In 30 days, the 200 Billion Milestone is nearing. The Stablecoin Economy expands by 1.65%
The stablecoin economy’s value is $190.1 billion, according to data from Monday, April 11, 2022. During the last 24 hours, stablecoins have captured $68 billion in trade volume out of the aggregate of $107 billion worth of today’s global trade volume. USDT (tether) is the largest. USDT has increased by 3.3% in the past 30 days. Tether currently has an $82.6 billion market value, which is 4.21% for the whole crypto economy.
USDC, the second largest stablecoin in usdcoins (USDC), saw 2.9% decline during the past month. BUSD dropped by 1.2% in the last 30 calendar days. The market capitalization of terrausd, the fourth largest stablecoin in volume, increased by 15.4%. UST’s market capitalization on Monday is $16.7 billion or 0.85% of the entire crypto economy’s current value at $1.96 trillion.
Makerdao’s DAI is the fifth largest stablecoin today with $8.9 billion, but during the last 30 days, its market valuation slid by 4.9%. Neutrino USD (USDN) has been having troubles in recent times keeping the $1 peg, but it’s market cap over the last 30 days increased by 70.2%. Besides USDN’s steep jump, HUSD spiked by 16.8% during the last month increasing its market valuation to $294 million.
Gemini dollar’s (GUSD) valuation saw a steep decline over the last month losing 23.9% during the timeframe. Trueusd’s (TUSD) market cap has also lost 9% during the last 30 days as well. The entire stablecoin market has seen a 1.65% increase in value over the past 30 days, despite some losses.
With Terra’s UST at $16.7 billion and BSC’s BUSD at $17.8 billion, UST is coming awfully close to surpassing the BSC stabecoin. Additionally, after swelling another $10 billion higher than today’s current stablecoin economy value, the fiat-pegged crypto assets will reach the $200 billion milestone.
What do you think about the stablecoin economy’s continued growth? Comment below to let us know your thoughts on this topic.
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