As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the top five stablecoins, moneda de usd (USDC) saw its market capitalization jump the most, increasing 18.9% durante el último 30 días. los 18.9% increase has pushed USDC’s market capitalization above the $50 marca de mil millones.
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USDC Market Cap Rises Above $50 mil millones, Stablecoin Represents 2.83% of the Crypto Economy’s USD Value
Stablecoins continue to grow in 2022, as numerous fiat-pegged token projects have seen their issuance levels increase during the first month of the year. En el momento de escribir, the USD value of all the stablecoins today is $178.8 mil millones.
Atar (USDT) is the largest stablecoin project in terms of market capitalization, with a valuation of around $78.5 mil millones. USDT’s overall valuation represents 4.34% of the entire crypto economy’s $1.8 billones. Atar, sin embargo, saw no growth during the last month as the overall valuation has remained static.
USDC, por otra parte, has grown 18.9% sobre el último 30 days and the market valuation is now over $50 mil millones. USDC’s market capitalization is 2.83% of the entire crypto economy’s USD value.
Both USDT and USDC combined represent 7.17% of the fiat value of all the coins in existence today. While these caps are much smaller than bitcoin’s (BTC) 39.2% dominance and ethereum’s (ETH) 17.7% dominance, they still represent the third and fifth largest crypto valuations.
Stablecoin FRAX Grew More Than 36% Last Month
Mientras tanto, out of the top five stablecoins by market cap, the third-largest USD-pegged token, BUSD, saw its capitalization increase by 12.7% a $16.2 billion this month. Tierra’s stablecoin UST increased by 9.8% a $11.3 mil millones en 30 días.
Makerdao’s DAI saw its $9.2 billion market capitalization increase by 1.1% este último mes. The Avalanche-based magic internet money (MIM) saw its $2.8 billion valuation slide 37.2% lower than it was last month. The seventh, eighth, and ninth-largest stablecoin markets saw their market caps rise.
The seventh-largest USD-pegged coin frax (Frax) has a market capitalization of $2.6 billion which has increased 36.2% during the last month. Trueusd’s (USD) cap spiked 17.7%, and pax dollar (USDP) rose by 3.3% sobre el último 30 días.
The tenth-largest stablecoin, fei usd (FEI), has decreased by 26.3% este último mes. Both FRAX and USDC saw the largest increases last month.
What do you think about the stablecoin economy’s increase during the last month and USDC’s rise past $50 mil millones? Háganos saber lo que piensa sobre este tema en la sección de comentarios a continuación..