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Stable coin emission recorded significant growth last year-old coins
When the crypto-assets gained immensely in value last year, the growth of the stable coin economy also increased and today stable coins are worth $ 170.24 billion. The data show that a number of stablecoin reviews have increased exponentially in the past 12 months. 12-month statistics show that the StableCoin market reviews recorded massive growth last year, numerous crypto-assets reached all-time high (ATH) prices, since current data underline the significant growth of the crypto economy in 2021. In addition, fiat-bound tokens, which are generally referred to as stable coins, have also listed as centralized storage and decentralized massive growth since last year ...
Stable coin emission recorded significant growth last year-old coins
When the crypto-assets gained in value last year, the growth of the stable coin economy also increased and today there are stable coins worth $ 170.24 billion in circulation. The data show that a number of stablecoin reviews have increased exponentially in the past 12 months.
12-month statistics show that the StableCoin market reviews recorded massive growth
Last year, numerous crypto-assets reached all-time high (ATH) prices, since current data underline the significant growth of the crypto economy in 2021. In addition, fiat-bound tokens, which are generally referred to as stablecoins, have also listed a massive growth as centralized storage and decentralized.
on January 11, 2021, for example, the holding ropes ( usdt ) The market capitalization was 24.4 billion US dollar and has been at the last year 221.31 % increased. US dollar Coin (USDC), the second largest stable co-power value in terms of market evaluation, had a market capitalization of $ 4.4 billion on the same day of last year. Today, the market capitalization of USDC is $ 43.9 billion, which corresponds to an increase of 897.72 %.
The stable coin issued by Binance (Busd) had only a market capitalization of $ 1 billion a year ago and has now increased $ 14 billion, which rose by $ 1,300 % last year. Terra's StableCoin UST had a market rating of $ 138 million on January 11, 2021, and today the market capitalization is $ 10.5 billion.
Last year, the market capitalization of Fiat-bound token rose higher than most crypto profits
The Dai token from Makerdao rose from $ 1.3 billion to $ 9 billion today because it grew by 592.30 % last year. Mim, also known as Magic Internet Money, is a stable coin that is not even a year old, but the sixth largest stable coin that exists.
MIM started in September 2021 with the emission with $ 5.4 million and today the market capitalization of MIM is $ 4.6 billion. In addition, the Stablecoin Frax (Frax) currently has a market capitalization of $ 2 billion, but last year it was only $ 92 million.
One can certainly say that some of the dollar-bound token market capital that recorded immense growth last year have increased their market capitalization gains more than the profits of traditional crypto-assets such as Bitcoin or Ethereum.
Currently, stable coins represent 8.24% of the total crypto economy worth a little more than $ 2 trillion. The global trade volume of stablecoin in the last 24 hours was around $ 72.6 billion, which corresponds to 61.94 % of today's volume of $ 117.2 billion in the entire crypto economy
What do you think of the StableCoin market capitalizations that rose by 500 % to 1,300 % last year? Let us know your opinion on this topic in the comments below.
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