Stablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days – Altcoins Bitcoin News

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Over the last 12 months the stable currency economy has grown massively and the current estimate today is only $ 13 billion away from tapping the $ 200 billion. This month, the two biggest winners regarding a 30-day issue include Terra’s UST jump 29.9% and Neutrino Protocol’s USDN sting 43.8%.

Stablecoin market capitalization continues to inflate, Tether crosses $ 80 Billion

Monthly statistics show the largest market capitalization, chain (USDT)increased by 2% this month when the valuation exceeded $ 80 billion. USDT is massive compared to the rest of the stable currencies in the crypto economy, as its valuation represents 42.78% of the $ 187-billion stable economy today.

In addition, the market capitalization of $ 80 billion of tether equals 4.46% of the total crypto economy of $ 1.83 billion. The second largest stable currency in terms of market capitalization, usd currency (USDC) only increased by 0.3% this past month.

USDC has a market valuation of about $ 52.3 billion today, which equates to 2.92% of the crypto economy and 27.96% of the stability economy. Metric March 14, 2022, indicates that between USDC and USDT, the combined market capitalizations account for more than 70% of the total stability economy.

Stablecoin Economy Near $ 200B, UST Stock Jumps Higher, USDN Stings 43% in 30 Days
The combined totality of both USDT‘S and USDC’ s market cap equals $ 132 billion as of March 14, 2022.

The main assets exchanging hands with a chain (USDT) is the US dollar with 42.16% of today’s share and the Turkish lira (TRY) with 17.41% of tether trades. TRY is followed by the euro, WBNB and HUSD. USDC trades a lot with tether ace USDT represents 64.18% of the Monday chain exchanges. BUSD, USD, EUR and WETH all follow tether as the top pairs trading with usd currency (USDC).

USDN, UST, and FRAX Record 30-Day Emission Rises, Stablecoins Command 10% of Net Worth of Crypt Economy

While USDT and USDC has not seen significant increases over the past month, UST, FRAX and USDN have seen their 30-day issuance rate increase. Terra’s UST rose 29.8% and today, the stable currency has a market capitalization of about $ 14.7 billion at the time of writing.

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Of the top ten stable currencies over the past 30 days, Neutrino Protocol’s USDN rose 43.8% and Terra’s UST rose 29.8%.

Frax (FRAX) has seen its 30-day issuance jump by 9.6% and the USDN of Neutrino Protocol has risen by 43.8% over the last month. FRAX has a market valuation of $ 2.9 billion and USDN commands a market capitalization of $ 638 million today.

Makerdao’s DAI stability has seen emission levels decline over the last month down 4.6% and magic internet money (MIM) has seen a loss of 0.2% this past month. The Ethereum-based DAI has a market valuation of $ 9.3 billion, while the Avalanche-based MIM has a market capitalization of $ 2.7 billion.

Overall, the entire stable currency economy has only $ 13 billion more to grow before crossing the $ 200 billion mark. At the time of writing, the $ 187 billion stable currency economy accounts for more than 10% of the $ 1.83 billion cryptocurrency economy.

Tags in this story

$ 132 billion, $ 52 billion, $ 80 billion, Altcoins, DAI, FRAX, growth, increase, broadcast, emission levels, Magic Internet Money, MIM, Neutrino Protocol, Stablecoin Economy, stablecoin market leader, Stablecoins, Swell, Terra, Tether, tether market cap, USDC, USDC market valuation, USDN, USDT, UST

What do you think about the steady growth of the stable currency? Let us know what you think about this topic in the comments section below.

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Jamie Redman

Jamie Redman is the News Leader at Bitcoin.com News and a financial technical journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News on the disruptive protocols appearing today.




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