Stablecoin Economy Growth Stagnated for 73 Days, US Dollar Market Cap Drops 5% – Altcoins Bitcoin News

Since the Terra stablecoin fiasco in May, the top stablecoin by market cap has fallen by 10.66% from $171.37 billion to $153.09 billion today. Over the past two months, the top stablecoins by market capitalization have seen a slight residual growth of $153 billion since mid-July.

Stablecoin Market Caps Stagnation For Over Two Months Seeing Little Growth

After a massive rally since mid-2020, the stablecoin economy has seen slow growth over the past few months. In mid-April 2022, the stablecoin economy get closer $200 billion range for the first time in history, but then Stable Tera Failuremore than 35 billion dollars It disappeared from the stablecoin economy by May 13, 2022. On May 12, 2022, the stablecoin economy was 10.66% larger than it is today. 171.37 billion dollars.

The growth of the stablecoin economy stagnated for 73 days, and the market value of the US dollar fell by 5%

By July 7, the stablecoin economy fell to 154 billion dollars, according to statistics kept by archive.org via coingecko.com. The stablecoin economy has been stagnating in terms of growth for the past 73 days. rope (USDT)the largest stablecoin market capitalization, grew slightly by 0.7% over the past month, while USD currency (USDC) It saw a drop of 4.9%. Stable Coin on Binance BUSD It saw an 11.1% increase, while DAI, FRAX and TUSD decreased over the past 30 days.

The dollar neutrino (USDP) jumped 19.7% higher than last month, but the dollar neutrino (USDN) fell 9.5%. Next to BUSD And USDP, the celo dollar (CUSD) was one of the only stablecoin market valuations that grew, with CUSD seeing a 7.1% increase. The lion’s share of stablecoins in the stablecoin economy has seen a drop in market valuations over the past month. Moreover, of all the stablecoins out there today, both USDT The USDC is equivalent to 77.26% of 153 billion dollars stable economy.

From the net worth of the entire crypto economy at $1 trillion, Tether (USDT) represents 6.761%, while the US dollar (USDC) is equivalent to 4.995%. While the stablecoin economy has experienced stagnant growth over the past 73 days, stablecoins still account for a significant amount of global crypto trading volumes across the globe. Today, $37.68 billion of the $50.55 billion total global trade volume of cryptocurrencies has been settled into stable assets. Stablecoin trading volume is equivalent to 74% of global crypto trading volume on Sunday, September 18, 2022.

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AltcoinsAnd the DAIAnd the FRAXAnd the growthAnd the a plusAnd the VersionAnd the Edition levelsAnd the Magic Internet MoneyAnd the MIAnd the neutrino protocolAnd the stablecoin economyAnd the stablecoin market capAnd the stablecoinsAnd the swollenAnd the TeraAnd the RopeAnd the Market value of the linkAnd the USDCAnd the USDC Market AssessmentAnd the USDNAnd the USDT

What do you think of the stagnation of stable economic growth over the past 73 days? Tell us what you think about it in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at Bitcoin.com News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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