The stable coin economy increases by 3.5 % to $ 167 billion in 2 weeks, fiat-bound tokens dominate over 60 % of crypto trades-old coins
The stable coin economy increases by 3.5 % to $ 167 billion in 2 weeks, fiat-bound tokens dominate over 60 % of crypto trades-old coins
Since December 8th, the StableCoin economy has grown by 3.59% in 17 days, as numerous StableCoin market reviews have spent more fiat-bound tokens this month. On Saturday, December 25th, the market assessment of the StableCoin economy of $ 167 billion represented $ 6.68% of the total crypto market economy of $ 2.49 trillion.
StableCoin output increases by 3.5%
Today there are a large number of stable coins that are linked to the value of Fiat currencies such as the US dollar. The US dollar is the most common stable coin connection today, but there are others who represent the euro and Swiss francs. On Saturday, the total value of all existing stable coins is $ 167 billion, an increase of 3.59% since the last issue of our news desk stablecoin report . The most dominant stable coin is today Tether ( usdt ) with a market assessment of around 77.7 billion US dollar, distributed to different Blockchains.
The considerable market capitalization of Tether today is 46.52% of the total stable coin economy. Us dollar coin (USDC) is the second largest stable coin in terms of market capitalization with $ 42.4 billion. While usdt rose by 5.7%last month, USDC rose by 14%in the last 30 days. The third, fourth and fifth largest stablecoin market reviews belong to Busd, VAT or DAI. The market capitalization of BusD in the amount of $ 14.8 billion increased by 14.6% last month and the emissions of VAT rose by 36.6%.
60% of today's trades are paired with stable coins
StableCoin Dai issued by Makerdao rose by 2.9% last month with an assessment of around $ 8.9 billion. Terra Protocol's VAT stable is 9.18% larger and has an assessment of around $ 9.8 billion at the time of writing. MIM, Frax and FEI also recorded a remarkable increase in emissions between 15.6% and 42.4% last month. The StableCoin Origin Dollar (OUSD) has increased by more than 102% in the last 30 days and the Susd rose by 38.7%.
On Saturday, the StableCoin economy has a trading volume of $ 55.4 billion from the total volume of $ 92.1 billion. This means that today 60.15% of trades are paired with stable coins with every trade. For example the leading crypto-asset regarding the market evaluation, Bitcoin ( btc ) ( usdt ). The second largest crypto-asset, Ethereum ( eth ) has similar key figures, since 51.45 % of all ether also with tether take place.
What do you think of the StableCoin market assessment, which has risen by 3.59% in the past 17 days? Let us know your opinion on this topic in the comments below.
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