Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation

Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. Sin embargo, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since then. While that value was erased from the stablecoin market, stablecoins themselves represented 9.35% of the entire crypto economy’s net U.S. dollar value at the time. 61 days later, the crypto economy is worth roughly $1.15 trillion and the stablecoin economy represents 13.8% of that total today.

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En 61 Días, Stablecoin Dominance Swelled From 9% a 13.8%

For the first time in history, three stablecoins were top ten digital currencies in terms of market valuation 36 days ago on May 6, 2022. En el momento, it was tether (USDT), moneda de usd (USDC) and terrausd (UST), but that was before the UST implosion.

While terrausd is gone, there’s still three stablecoins in the top ten today, as binance usd (BUSD) is the seventh-largest crypto asset as far as market cap is concerned. Two months ago on April 11, the stablecoin economy was valued at $190 mil millones but today, the valuation of the stablecoin market is now $159 mil millones.

Stablecoin Market Nears 15% of the Entire Crypto Economy's Market Valuation
En mayo 6, just before UST de-pegged from the $1 paridad, atar, moneda de usd, and terrausd were the top three stablecoins in the top ten largest market cap coins. Este Dia, 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 billones. 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 mil millones.

Stablecoin Market Nears 15% of the Entire Crypto Economy's Market Valuation
En abril 11, 2022, la $190 billion stablecoin market cap equated to 9.3% of the entire crypto economy’s $2.03 billones. Este Dia, a $159 mil millones, the stablecoin economy is now 13.8% of the aggregate value of $1.15 billones.

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 mil millones. The data shows that 64.38% of all the digital currency trades today are swapped against stablecoin pairs.

Por ejemplo, atar (USDT) trades account for 60.26% of bitcoin’s (BTC) global trade volume while BUSD commands 10.05%. USDT and BUSD are BTC’s top two trading pairs at the time of writing, according to cryptocompare.com metrics.

Atar (USDT) is still the king of stablecoins with an $72 billion market valuation that represents more than 6% of the entire crypto economy. moneda usd (USDC) is the second-largest stablecoin by market cap with $53.7 billion in value.

USDC dominates today by more than 4% of the crypto economy and combined both USDC and USDT make up 76.92% of the entire stablecoin dominance of 13.40%. BUSD meanwhile, represents 1.58% of the entire crypto economy. That leaves a little more than 1% of the crypto economy that stem from stablecoins like DAI, Frax, USD, and USDP.

Etiquetas en esta historia
monedas alternativas, Bitcoin (BTC) pairs, BUSD, DAI, fiat-pegged tokens, Frax, MIM, monedas estables, Economía de monedas estables, stablecoin pairs, monedas estables, Terrausd (UST), volumen comercial, comercio, tusd, USDC, USDP, USDT

What do you think about the stablecoin economy representing 13.8% of the entire crypto economy? Háganos saber lo que piensa sobre este tema en la sección de comentarios a continuación..

jamie redman

Jamie Redman es el líder de noticias en Bitcoin-Tidings.com News y un periodista de tecnología financiera que vive en Florida.. Redman ha sido un miembro activo de la comunidad de criptomonedas desde 2011. Él tiene una pasión por Bitcoin., código fuente abierto, y aplicaciones descentralizadas. Desde septiembre 2015, Redman ha escrito más de 5,000 artículos para Bitcoin-Tidings.com Noticias sobre los protocolos disruptivos que surgen hoy.




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