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Tag: stablecoin market cap

Solana Suffers Major Setback as Development Activity Plunges, SOL Dumps Hard

Wading through the wreckage of FTX and Alameda, it is clear that some communities were hit a lot harder than others. Several DeFi...

Bitcoin on-chain deep dive: BTC falls below the global electrical cost

A chorus of recession callsFed officials have been prohibited from speaking ahead of next week’s fed funds announcement; investors have been left pondering on...

Binance USD Supply Increases Amid Heated Stablecoin Wars

binance-usd-supply-increases-amid-heated-stablecoin-wars

The aim behind stablecoins development was to provide stability over the highly volatile nature of crypto assets. This means that stablecoins hedge your funds against the impact of macroeconomic factors like inflation. Currently, stablecoins represent about 15% of the total crypto market cap of over $933 billion. Several prominent firms have created their stablecoins. Usually,…

The post Binance USD Supply Increases Amid Heated Stablecoin Wars appeared first on Bitcoin News Miner.

Stablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days

During the last 12 months the stablecoin economy has grown massive and the current valuation today is only $13 billion away from tapping the $200 billion mark. This month, the two biggest gainers in terms of 30-day issuance include Terra’s UST jumping 29.9% and Neutrino Protocol’s USDN spiking 43.8%. Stablecoin Market Capitalization Continues to Swell, […]

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