Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% sisse 2 Kuud

In mid-August, või 68 päeva tagasi, 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 miljardit. 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.

While Tether and Usd Coin Have Shed Billions, BUSD Climbs 22% Higher in Just Over 2 Kuud

Before the Terra stablecoin implosion, in mid-April 2022, the dollar-pegged economy looked a whole lot different than it does today. Näiteks, aprillil 11, Bitcoin-Tidings.com uudised teatatud on the stablecoin market nearing the $200 billion mark for the first time in history.

That day on Monday, aprill 11, 2022, the stablecoin economy was worth approximately $190.1 miljardit, and today it’s worth roughly $146.81 miljardit. The slide downward all started after Terra’s UST depegging event in May, when Bitcoin-Tidings.com News teatatud on the largest stablecoin asset siduda (USDT) shedding $12 billion from its market cap.

Septembris, USDC started to see its market valuation deflate, losing $6.7 miljardit sisse 83 päevadel. USDC’s market cap has reduced even more so during the last month, as roughly 12.2% has been erased in 30 päevadel. enamgi veel, a few of the smaller stablecoin markets have slid well below the $0.99 juurde $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% või $4.05 billion higher since August 14, 2022. Since January 1, 2022, the stablecoin token tagatud 1:1 with U.S. dollars held in reserve, hüppas 50.31% alates $14.47 billion to today’s $21.78 miljardit.

BUSD is one of three stablecoins that happens to be situated in the top ten crypto market capitalization positions. Kirjutamise ajal, 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% sisse 1,120 päevadel. For comparison, tether’s market cap jumped 1,823% and usd coin’s valuation jumped 10,177% in the same 1,120 päevadel.

What do you think about BUSD’s growth while other stablecoins have shed excess weight in the last few months? Andke meile allolevas kommentaaride jaotises teada, mida te selle teema kohta arvate.

Jamie Redman

Jamie Redman on Bitcoin-Tidings.com Newsi uudistejuht ja Floridas elav finantstehnoloogia ajakirjanik.. Redman on sellest ajast alates olnud aktiivne krüptoraha kogukonna liige 2011. Tal on kirg Bitcoini vastu, avatud lähtekoodiga kood, ja detsentraliseeritud rakendused. Alates septembrist 2015, Redman on kirjutanud rohkem kui 6,000 artiklid saidile Bitcoin-Tidings.com Uudised täna esile kerkivate häirivate protokollide kohta.

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