The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Es más, más que $3 billion has been erased from the stablecoin economy during the last 23 days as BUSD shed roughly 23.3% during the last month.

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Sobre $3 Billion in USD Value Has Been Erased From the Stablecoin Economy in 23 Días

The market valuation of stablecoins has continued to slide and since Jan. 2022, $28.08 billion in U.S. dollar value has left the stablecoin economy. Archived data indicates that the stablecoin economy was valued at $167.08 mil millones es enero. 5, 2022, and today it’s valued at $139.06 mil millones o 16.77% lower than the first week of the year.

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

The stablecoin economy has not been this low in U.S. dollar value since Oct. 23, 2021, or around 14 months ago. In Jan. 2022, atar (USDT) had a market capitalization of around $77.14 mil millones, and today it’s down to $66.25 mil millones.

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

Usd coin’s (USDC) valuación 14 months ago was $42.74 billion and this week USDC’s market cap is roughly $44.28 mil millones. BUSD’s market cap was $14.28 billion on Jan. 5, 2022, and terrausd’s (UST) market valuation was roughly $10.19 mil millones.

el dic. 28, 2022, BUSD’s market cap is higher at $17.16 mil millones, but UST’s valuation was obliterated down to the current $215 millón. UST was one of many stablecoins that depegged from the U.S. dollar this year.

This month alone the stablecoin economy shed $3.08 billion in value as it slid from $142.07 mil millones to the current $138.99 mil millones. el dic. 5, 2022, BUSD had a market cap of around $22.08 billion which is more than 22% higher than the current $17.16 mil millones.

356 days ago on Jan. 5, Makerdao’s DAI stablecoin had a market valuation of around $9.07 mil millones, cual es 43.55% higher than DAI’s current $5.12 billion value. Below the stablecoin DAI are the dollar-pegged tokens frax, dólar pax, true usd, usdd, y dólar geminis.

In Addition to Terrausd, Neutrino USD, HUSD, and FLEXUSD Depegged From Their $1 Parity

Stablecoins that have been bumped down a number of positions include dollar-pegged coins like magic internet money, liquity usd, fei usd, and neutrino usd. The once-stable coin neutrino usd (USDN) is currently trading for $0.448 per unit after depegging from the $1 parity on Nov. 7, 2022.

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

Another former stablecoin that also lost its peg is HUSD, which depegged from the $1 parity on Oct. 27, 2022. A single HUSD token is currently exchanging hands for $0.14 per unit on Dec. 28.

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

Es más, the once-stable coin flex usd (FLEXUSD) also lost its dollar peg this year. FLEXUSD is now trading for $0.25 per unit as it depegged from the $1 parity on June 20, 2022.

el dic. 5, 2022, stablecoins represented $60.74 mil millones de los $107.29 billion in 24-hour trade volume recorded that day, lo que equivale a 56.61% of all trades. 23 days later, the global trade volume is much lower at $37 mil millones, while stablecoins represent $29.92 billion or roughly 80.86% of the trades recorded on Dec. 28, 2022.

Etiquetas en esta historia
$28 billion erased, Altcoin economy, monedas alternativas, BUSD, DAI, depegged, despegación, Dollar-Pegged, Flexusd, HUSD, monedas estables, Economía de monedas estables, stablecoin economy 2022, stablecoin markets 2022, Tierra USD, Atar, Atar (USDT), tethers, fichas, Dólar estadounidense, moneda de usd, moneda de usd (USDC), USDC, USDN, USDT, UST

What do you think about stablecoins this year losing $28 billion in value and the handful of dollar-pegged tokens that depegged from their $1 parity this year? 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 6,000 artículos para Bitcoin-Tidings.com Noticias sobre los protocolos disruptivos que surgen hoy.




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