Stablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades – Altcoins Bitcoin News

As stablecoin markets have released more fiat-pegged tokens, the stablecoin economic has grown by 3.59% over 17 days since December 8. On Saturday, December 25, the stablecoin economy’s $167 billion market valuation represents 6.68% of the entire $2.49 trillion crypto market economy.

Stablecoin Issuance jumps 3.5%

There’s a great number of stablecoins in existence today that are pegged to the value of fiat currencies like the U.S. dollar. While the U.S. Dollar is currently the most popular stablecoin, there are many others. On Saturday, the total value of all the stablecoins in existence is $167 billion, up 3.59% since our newsdesk’s last stablecoin report. Today, tether (USDT), the most popular stablecoin is at around $77.7 Billion. It’s spread across multiple blockchains.

Stablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades
The top ten stablecoins based on market value December 25, 2021.

Tether’s sizable market capitalization is 46.52% of the entire stablecoin economy today. The second most stablecoin by market capitalization is USDC, which has $42.4 billion. USDT has increased by 5.7% in the last month. However, USDC rose 14% over the 30 last days. BUSD, UST and DAI are the third, fourth, and fifth biggest stablecoin markets valuations, respectively. BUSD’s $14.8 billion market cap increased by 14.6% during the last month and UST’s issuance jumped by 36.6%.

60% of Today’s Trades Are Paired With Stablecoins

Makerdao’s stablecoin DAI saw a 2.9% increase in value to $8.9 million this month. Terra Protocol’s UST stablecoin is 9.18% larger with a valuation of around $9.8 billion at the time of writing. MIM and FRAX saw significant issuance increases with anywhere between 15.6% and 42.4% in the last month. In the last 30 day, the stablecoin origin dollar has risen more than 102%. Meanwhile, SUSD has jumped 38.7%.

Friday’s trade volume for the stablecoin market was $55.4 Billion, which is $92.1 Billion in total volume. So 60.15% are now paired with stablecoins in every trade. For instance, the leading crypto asset in terms of market valuation, bitcoin (BTC), has seen around 59.68% of today’s swaps with tether (USDT). Similar metrics are also available for ethereum, the second most important crypto asset. 51.45% of all current ether swaps with USDT were made using ETH.

In this story, tags
BUSD. CoinGecko. Cryptocompare. FRAX. GUSD. Stablecoin. Stablecoin Caps. Stablecoin Trading. Stablecoin Volumes. Stablecoins. Stablecoin Volumes. Stablecoins. Stablecoin Volumes. Stablecoins. StableCoin Volumes. Stablecoins. Tether. Tether (USDT). Trade volume. tusd. USDC. USDT.

How do you feel about stablecoin’s market value increasing by 3.59% in the past 17 days? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, a Florida-based financial journalist and news lead at News is Jamie Redman. Redman is an active participant in the cryptocurrency community from 2011. Since 2011, Redman has been an active member of the cryptocurrency community. Redman is a prolific writer for News, with over 5,000 articles on disruptive protocols.

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