Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 дни, BUSD’s token supply has dropped 40% lower. In contrast, the number of tethers in circulation has increased by 4.7% к 71.11 billion in the last month.

BUSD Slips Below $10 Миллион в предварительном раунде, Tether Supply Rises by 4.7% к более $71 Миллион в предварительном раунде

In the stablecoin economy, currency supply fluctuations are key drivers of change. As of Friday, Категория 3, 2023, the stablecoin economy has a valuation of $136 миллиард, and stablecoins account for $47 billion of the world’s trade volume over the last 24 часы. The supply of BUSD has dropped significantly and now stands at 9.68 миллиард, representing roughly 0.901% of the entire crypto economy’s net value. In contrast, the top two largest stablecoins by market capitalization, USDT and USDC, have seen increases in terms of coins in circulation over the past 30 дни, while BUSD’s supply continues to plummet.

Этот месяц, the supply of tether (USDT) has risen 4.7%, превосходящий 71 billion coins. Usd coin (USDC) has also seen a 1.7% увеличивать, с 43.16 billion coins in circulation. Однако, the supply of three other top stablecoins, namely DAI, pax dollar (USDP), and gemini dollar (GUSD), has diminished. DAI’s supply has decreased by 2.1% this month, while USDP has dipped 20.2% lower. Сходным образом, GUSD’s supply has also slid 2% lower over the last 30 дни. In contrast, trueusd’s (TUSD) supply has increased by 22.5% over the last month, достижение 1.16 billion coins.

USDD and FRAX have also experienced increases, with USDD rising slightly by 0.2% over the past month and FRAX climbing by 1.1% compared to the previous month. Together, all nine aforementioned stablecoin assets make up 70.22% of the 24-hour trading volume. Before the Terra stablecoin depegging event, the stablecoin market was more predictable and exhibited steady growth. The declines in recent times, Однако, demonstrate the current unpredictable nature of the stablecoin market.

What do you think the future holds for stablecoins in light of recent supply fluctuations? Share your thoughts about this subject in the comments section below.

Джейми Редман

Джейми Редман — руководитель отдела новостей Bitcoin-Tidings.com News и журналист, работающий в сфере финансовых технологий, живет во Флориде.. Редман был активным членом криптовалютного сообщества с 2011. У него страсть к биткойнам, открытый исходный код, и децентрализованные приложения. С сентября 2015, Редман написал более 6,000 статьи для Bitcoin-Tidings.com Новости о прорывных протоколах, появляющихся сегодня.

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