In mid-August, o 68 hace días, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 mil millones. BUSD’s growth comes at a time when the market valuations of the top two stablecoins tether and usd coin have shed some excess weight.
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While Tether and Usd Coin Have Shed Billions, BUSD Climbs 22% Higher in Just Over 2 Meses
Before the Terra stablecoin implosion, in mid-April 2022, the dollar-pegged economy looked a whole lot different than it does today. Por ejemplo, En abril 11, Bitcoin-Tidings.com Noticias reportado on the stablecoin market nearing the $200 billion mark for the first time in history.
That day on Monday, Abril 11, 2022, the stablecoin economy was worth approximately $190.1 mil millones, and today it’s worth roughly $146.81 mil millones. The slide downward all started after Terra’s UST depegging event in May, when Bitcoin-Tidings.com News reportado on the largest stablecoin asset atar (USDT) shedding $12 billion from its market cap.
In September, USDC started to see its market valuation deflate, losing $6.7 mil millones en 83 días. USDC’s market cap has reduced even more so during the last month, as roughly 12.2% has been erased in 30 días. Es más, a few of the smaller stablecoin markets have slid well below the $0.99 a $1 parity on a few occasions in 2022.
Binance’s stablecoin issued in partnership with Paxos Trust Company, BUSD, has done the opposite, as the stablecoin has managed to increase by 22.88% o $4.05 billion higher since August 14, 2022. Since January 1, 2022, the stablecoin token Respaldados 1:1 with U.S. dollars held in reserve, saltó 50.31% de $14.47 mil millones a hoy $21.78 mil millones.
BUSD is one of three stablecoins that happens to be situated in the top ten crypto market capitalization positions. En el momento de escribir, BUSD holds the seventh largest market valuation out of more than 13,000 listed crypto assets today.
Binance’s stablecoin BUSD, issued by Paxos, has published attestation reports issued monthly on the Paxos website. The attestations are written by the independent third-party accounting firm WithumSmith+Brown.
Three years ago, BUSD had a market cap just over the $440K mark on September 27, 2019. Since that day, BUSD’s market valuation has swelled by 4,946,036% en 1,120 días. For comparison, tether’s market cap jumped 1,823% and usd coin’s valuation jumped 10,177% in the same 1,120 días.
What do you think about BUSD’s growth while other stablecoins have shed excess weight in the last few months? Háganos saber lo que piensa sobre este tema en la sección de comentarios a continuación..
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