Stablecoin Market Nears 15% of the Entire Crypto Economy's Market Valuation – Altcoins Bitcoin News

While terrausd is gone, there’s still three stablecoins in the top ten today, as binance usd is the seventh-largest crypto asset as far as market cap is concerned. Two months ago on April 11, the stablecoin economy wasOn May 6, just before UST de-pegged from the $1 parity, tether, usd coin, and terrausd were the top three stablecoins in the top ten largest market cap coins. Today, with UST gone, BUSD has entered the top ten standings.

On that day in April, the entire crypto economy was valued at $2.03 trillion and today it’s worth roughly $1.15 trillion. Even though Terra’s UST fallout saw billions leave the stablecoin economy, it dominates by a lot more than it did when it was nearing $200 billion. On April 11, 2022, the $190 billion stablecoin market cap equated to 9.3% of the entire crypto economy’s $2.03 trillion. Today, at $159 billion, the stablecoin economy is now 13.8% of the aggregate value of $1.15 trillion.

Stablecoins account for whole lot of trade volume as well, and at the time of writing, fiat-pegged tokens have seen $46.1 billion in trade volume, while all the crypto assets combined saw $71.6 billion. The data shows that 64.38% of all the digital currency trades today are swapped against stablecoin pairs.

That's not cool

That is not a surprise really. I mean tether is used by so many people.

🚀Airdrop campaign 👉 MATICx1O

Live airdrop now! MATICx1O

Its real MATICx1O

Stable saves the day I guess $PAW

Thanks so muuuuuccccch for this gift MATICx1O

Sekuya Skuy SkuyArmy NFT Multiverse Metaverse sekuyaofficial 🏝

Let's await the outcome $PAW

POLYGON perfectly 🌠💯 Free Airdrop MATIC MATICx1O

I'd reckon we'll pierce through 1T and rebound off of, say, 850M? Let's see! bearmarket

Limited time offer! MATICx1O

Live airdrop now! MATICx1O

Airdrop available now at bigest event! MATICx1O

🚀Airdrop campaign 👉 MATICx1O

$WNK is probably going to be one of the best upcoming metaverse 🔥🗺

$WNK on fire 🔥🔥🔥

Double your $Matic 👉🌏 MATICx1O

The magician group is a cheating group. It proved what a fraudulent group it is by not returning my magic tokens that I sent by mistake.. ATTENTION!!! They tell me a REFUND is not technically possible... lol

POLYGON perfectly 🌠💯 Free Airdrop MATIC MATICx1O

Don't miss MATICx1O

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Price Outlook for June — Market Conditions Show Uncertainty – Market Updates Bitcoin NewsTen days into June, BTC continues to trade lower, with prices hovering close to a twelve month low. Many remain optimistic on future gains. I follow back 🐹 hamstercoin 🐹 SpmGeo ولا عفیه
Source: BTCTN - 🏆 531. / 51 Read more »

The total crypto market cap drops under $1.2T, but data show traders are less inclined to sellCrypto markets are in rough shape, but noshitcoins says positive futures premiums for Bitcoin and Ethereum and a few other metrics signal that a recovery could come sooner than later. Can something bad happen because of using this? Lol hopium Cudos
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin, Ethereum Technical Analysis: ETH Falls to 15-Month Low to Start the Weekend – Market Updates Bitcoin NewsCrypto prices plunged as the weekend commenced, following yesterday’s U.S. inflation report, which came in at a 40-year high of 8.6%. It is the patience war. We either will bloom or go down. I wish the best for all. Let’s wait for the pump $PAW Really low $PAW
Source: BTCTN - 🏆 531. / 51 Read more »

California Market Update: Plentiful Office Openings, Strong Associate Demand - Above the LawIn the midst of the pandemic-fueled narrative about an exodus from California, a funny thing happened: several Biglaw firms took the opportunity to enter the California market for the first time. [Sponsored by LateralLink]
Source: Fashionista_com - 🏆 474. / 51 Read more »

Expensive homes on the market in TucsonThese are some of the most luxurious homes on the Tucson market.
Source: TucsonStar - 🏆 339. / 59 Read more »

Expensive homes on the market in DothanThese are some of the most luxurious homes on the Dothan market.
Source: dothaneagle - 🏆 337. / 59 Read more »