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Stablecoin Economy Is $10 Billion Away From Reaching a $200 Billion Market Cap

According to statistics, the stablecoin economy was worth $190.1 million on Monday, April 11, 2022. Stablecoins have accumulated $68 billion of today’s $107 billion global trade volume in the past 24 hours. tether is the largest. In the past 30 days USDT has increased by 3%. Tether currently has a market value of $82.6 billion, which is 4.21% for the entire crypto economic.

The second-largest stablecoin USDC suffered a 2.9% drop over the past month. BUSD lost 1.2% over the past 30 days. Terrausd (UST), the fourth-largest stablecoin in terms of market cap, saw a 15.4% increase. Monday’s market capitalization of UST was $16.7 billion, or 0.85% for the entire crypto economy’s value at $1.96 Trillion.

Makerdao’s DAI, which is valued at $8.9 billion, is currently the fifth-largest stablecoin. However, the market value of the coin has fallen by 4.9% in the past 30 days. Neutrino US Dollar (USDN) has had problems keeping the $1 peg in recent times, but its market cap over 30 days increased 70.2%. HUSD also saw a 16.8% increase in value over the past month, bringing its market cap to $294 million.

The Gemini dollar (GUSD) valuation suffered a sharp decline in the past month, losing 23.9% over that time period. Trueusd’s market cap (TUSD), has also fallen 9% in the past 30 days. Despite the loss in the last month, the stablecoin market has seen an increase of 1.65% over the past 30 days.

Terra’s UST now stands at $16.7 billion while BSC’s BUSD is $17.8billion. UST is very close to surpassing BSC’s stabecoin. The fiat-pegged crypto assets could reach $200 billion after soaring another $10 billion above the current stablecoin economy value.


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