A la mi-août, ou 68 il y a quelques jours, the market capitalization of the stablecoin BUSD was approximately $17.7 milliards et depuis lors, its grown 22.88% higher to today’s $21.78 milliard. 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.
Contenu
While Tether and Usd Coin Have Shed Billions, BUSD Climbs 22% Higher in Just Over 2 Mois
Before the Terra stablecoin implosion, in mid-April 2022, the dollar-pegged economy looked a whole lot different than it does today. Par exemple, En avril 11, Actualités Bitcoin-Tidings.com signalé on the stablecoin market nearing the $200 billion mark for the first time in history.
That day on Monday, Suggestions de sondages récents 11, 2022, the stablecoin economy was worth approximately $190.1 milliard, and today it’s worth roughly $146.81 milliard. The slide downward all started after Terra’s UST depegging event in May, when Bitcoin-Tidings.com News signalé on the largest stablecoin asset attache (USDT) shedding $12 billion from its market cap.
In September, USDC started to see its market valuation deflate, perdant $6.7 milliards en 83 jours. USDC’s market cap has reduced even more so during the last month, as roughly 12.2% has been erased in 30 jours. Le co-fondateur d'Axie Infinity déclare que le jeu Blockchain prévoit de lancer un échange décentralisé, a few of the smaller stablecoin markets have slid well below the $0.99 à $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% ou $4.05 billion higher since August 14, 2022. Since January 1, 2022, the stablecoin token backed 1:1 with U.S. dollars held in reserve, jumped 50.31% depuis $14.47 billion to today’s $21.78 milliard.
BUSD is one of three stablecoins that happens to be situated in the top ten crypto market capitalization positions. Au moment de la rédaction, 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% dans 1,120 jours. For comparison, tether’s market cap jumped 1,823% and usd coin’s valuation jumped 10,177% in the same 1,120 jours.
What do you think about BUSD’s growth while other stablecoins have shed excess weight in the last few months? Faites-nous savoir ce que vous pensez de ce sujet dans la section commentaires ci-dessous.
Crédits image: Shutterstock, Pixabay, Wiki Commons
Avertissement: Cet article est à titre informatif seulement. Il ne s'agit pas d'une offre directe ou d'une sollicitation d'offre d'achat ou de vente, ou une recommandation ou une approbation de tout produit, prestations de service, ou des entreprises. Bitcoin-Tidings.com ne fournit pas d'investissement, impôt, légal, ou conseil comptable. Ni la société ni l'auteur ne sont responsables, directement ou indirectement, pour tout dommage ou perte causé ou prétendument causé par ou en relation avec l'utilisation ou la confiance accordée à tout contenu, biens ou services mentionnés dans cet article.
Lire avertissement