Zero Usdt, USDC, Busd and TUSD printed in December 2022: Analysis
Zero Usdt, USDC, Busd and TUSD printed in December 2022: Analysis
Stablecoins continue to play a very important role in crypto economy. The persistent Baisse also showed that coins bound to the dollar such as Usdt and USDC experienced parabolic growth in market capitalization this year.
The leading stable coin emitters, however, apparently took a break in the middle of large market turbulence and increased review. Corresponding to from the "Stablecoin Printer", USDC, BUSD and TUSD, were Not printed in the last month of 2022.
- In fact, the two largest stable coins after market capitalization have not been printed in recent months.
- usdt was last printed by his issuer Tether in May 2022, while the pressure lasted until June of the same year.
- The two tokens were in a constant struggle for supremacy, and the de-peegging and the subsequent breakdown of the algorithmic stable coin of the Terra ecosystem-VAT-that had no longer existed helped to close the gap between them.
- The USDT was low in view of the concern about the spread of a contagion caused by Terra. USDC, on the other hand, recorded an increase in consumer confidence. This led to a growth of 4 % YTD from USD $ 44.6 billion
- market participants gave up USDT for USDC. The latter later became a stable coin of the election in the Ethereum blockchain.
- The collapse of Terra left a vacuum in the Cosmos ecosystem, in which the algorithmic Bitcoin coupled to the US dollar was heavily used in its networked blockchain family. The stable coin emittent Circle took the chance to start usdc in early 2022.
- Meanwhile, the branded stable from Binance-Busd-accidentally is another prominent competitor in the StableCoin area who has experienced an upward trend.
- Busd has more than doubled its market capitalization from early 2022 to November. Despite his decline in the following weeks, StableCoin managed to increase its market capitalization YTD by a total of 12 %.
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