USDC market capitalization reaches $ 30 billion-StableCoin adds $ 10 billion in 4 months-blockchain

September 2021 there were stable co-power values ​​worth $ 129.3 billion, which is 6.54% of the crypto economy. The second largest stable coin, USDC, has increased its capitalization significantly and has increased by more than $ 10 billion in 125 days.

Since May the market capitalization of USDC has increased by 54%

Lately Bitcoin.com have news about the (Usdt) How the market capitalization of usdt today is almost 70 billion US dollar in five years. After this report, our news desk reported on the decentralized stablecoin named DAI, which is published by the Makerdao project. The market capitalization of dai has increased more than 800% in 12 months and today the total value of all existing DAI is $ 6 billion.

Now the second largest stable coin after market capitalization, USD COIN) , only recently increased to $ 30.9 billion. USDC is issued by the center consortium which is managed by Circle Financial, and coinbase is also a member of the center consortium. On May 23, 2021, USDC's market rating was around $ 20 billion. Four months later, USDC's evaluation led to the project added $ 10 billion. This is an increase of 54 % since May 23, and the 30-day statistics show an increase of around 14.1 %.

USDC StableCoin market capitalization represents 1.5% of the total crypto economy

usdc has been a popular stable coin for some time, since people use the asset to secure the asset for decentralized financial applications (defi) and to use more. While the crypto economy is worth $ 1.97 trillion at the time of writing, USDC represents 1.56% of the evaluation of the crypto industry.

On Saturday, USDC has a global trading volume of around $ 3 billion. While the USDC usually has very low fluctuations because it is coupled to the USD, it can still be 0.98 to USD USD per token. On May 8, 2019, USDC was exchanged for $ 1.17 per token because it was 14.6% higher that day.

While holdleine and USDC are the kings of the stablecoin economy today, many other stable coin tokens rise on the ladder. Wault USD (WUSD), for example, rose by 55.2%in 30 days, Celo dollar (CUSD) recorded an increase of 47.4%and the market assessment of Pax dollar (USDP) rose by 26.4%last month.

What do you think of the 54%evaluation of the USDC in the past four months? Let us know your opinion on this topic in the comments below.

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