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Stablecoin economy

Stablecoin economy has seen an addition of $11 billion in 10 days

The stablecoin economy has seen an addition of $11 billion in 10 days and reached the $150 billion mark. Tether and USD are leading this pack of stablecoin and terra USD is gaining momentum for the last 30 days.

Stablecoin economy has seen an addition of $11 billion:

The fiat-pegged token economy is gaining momentum and making a significant impact. The stablecoins are a very important part of the crypto market whether people like them or not. In this month, these stablecoins have gained significant momentum in terms of increasing their market cap. The stablecoin economy has reached from $150 billion to $161.2 in the last ten days with an increase of 7.73%.

Stablecoin economy
Top stablecoin markets in terms of valuation according to coingecko.com on December 8, 2021.

Tether (USDT) is leading the stablecoin market with a market cap of $77.3 billion. The leading stablecoin has gained 6.1% in the last month. USDC (USD Coin) is the second-largest stablecoin with a market cap of $41 billion. The second-largest stablecoin has added more than 19.5% in the last 30 days. The aggregate of USDT and USDC combined is 4.75% of the entire crypto economy. 73.21% of the stablecoin economy is commanded by two tokens, USDC and USDT.

BUSD is holding the third position in the stablecoin industry.  Terra’s stablecoin UST has seen the largest increase in the top ten stablecoin markets during the last 30 days, with its market cap growing by 190%. A month ago, Terra’s UST market cap was only $2.88 billion.

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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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