5 dollar-bound tokens dominate 94% of the swelling $ 135 billion stablecoin market capitalization-old coins

last month, their ratings rose to four out of five of the top tablecloins after market capitalization. At the time of the letter, there are $ 135.4 billion of stable coins, but the top 5 compensate for 94.40% of this total. While the largest stable coin in terms of market capitalization has increased by 2 % in the past 30 days, the StableCoin Dai issued by the Makerdao protocol rose by 22 %.

from Tether and Circle Coin master the sleeping place

StableCoins are very popular these days and you can certainly say that these tokens bound to dollars will not go there in the foreseeable future. At the time of the letter there is, for example, a global trade volume of around 29.2 billion US dollars for Bitcoin ( btc ) only trade.

currently the stable coin-Tether ( usdt ) dominates 61.46 % of all btc acts according to CryptoCcompare.com data . The StableCoin Busd, a stable coin that is curated on Binance Smart, is under the US dollar because the busd is 5.29% dominated by everyone btc acts today.

The busd is actually the only stable coin in the TOP 5, the market capitalization of which was not inflated. The largest stable coin market capitalization is Tether ( usdt ), which at the time of writing is evaluated by 71 billion US dollar Market aggregation pages such as Coingeckos " Top stablecoins according to market capitalization ."

tethers Transparency website This shows tethers The current balance amounts to a value of approximately 70.578.377 US-Dollar usdt . With an increase of almost 71 billion US dollars usdt has grown by 2% in the last 30 days.

The second largest stable coin from Kreis and the center Consortium , USD Coin (USDC) has increased by 8.9 % this month. USDC currently has a market rating of around $ 32.8 billion, which is around 46.19 % or almost half of the size of. corresponds usdt ’s market capitalization.

The global trade volume of Tether is much higher at 52,791,455,644 than that of USDC, while that of USDC is around 1,936,810,797. USDC is paired with usdt and busd and according to CryptOccompare.com data, You are the two top trading pairs with usdc.

The 3rd, 4th, 5th StableCoin contenders

while the stablecoin, which from the Ecosystem is the third largest upper limit, it has not increased last month. At the time of the letter, Busd holds an evaluation of around $ 12.9 billion and $ 3.4 billion in world trade. According to today's data, Busd is exchanged on 98 different stock exchanges and ranks 18 out of 9,957 crypto-assets.

The algorithmic decentralized finance (Defi) StableCoin, which of the makerdao project, dai (dai) last month the greatest growth. While the third largest stable coin Busd has a market capitalization of around $ 12.9 billion, the market capitalization of DAI today is $ 7.4 billion.

The volume of DAI, however, is much lower than that of its competitors with only $ 438,185,462. Dai's largest couple is today with 53.35% of all trades and Weth with 28.68% of all swaps. Tether is traded with DAI and has 7.24% of the total DAI volume.

The fifth largest stable coin market Terrausd (VAT) increased by 4.8% last month in terms of market capitalization. VAT is a stable coin, the part of the Terra protocol today has an overall rating of around 2.7 billion US dollar. VAT also has a global trade volume of around $ 66.6 million and is in 62th place out of 9,957 crypto-assets.

60.38 % of the VAT trades are currently being exchanged for the US dollar, while Tether ( usdt ) dominates. While all five of these stable coins together make up 94.40% (126.88 USD) of the StableCoin value of 135 billion USD, USDT , USDC, DAI and VAT grew by 38.4 %.

What do you think about the growth of stable coins and the five leading dollar-bound tokens on today's cryptom market? Let us know your opinion on this topic in the comments below.

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