{"id":14731,"date":"2021-11-26T16:54:03","date_gmt":"2021-11-26T16:54:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/stablecoin-economy-surges-past-150b-stablecoins-command-over-50-of-global-crypto-trade-volume\/"},"modified":"2021-11-26T16:54:03","modified_gmt":"2021-11-26T16:54:03","slug":"stablecoin-economy-surges-past-150b-stablecoins-command-over-50-of-global-crypto-trade-volume","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/stablecoin-economy-surges-past-150b-stablecoins-command-over-50-of-global-crypto-trade-volume\/","title":{"rendered":"Stablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume"},"content":{"rendered":"

A great number of digital currencies have swelled in value this year and as the end of 2021 approaches, the market capitalization of all 11,000+ crypto assets in existence is roughly $2.6 trillion. These days, it\u2019s safe to say that dollar-pegged tokens, otherwise known as stablecoins, have a strong presence in the crypto market. Today the market capitalization of all the stablecoins in the world is more than $152 billion or 5.84% of the crypto economy\u2019s USD value.<\/strong><\/p>\n

Stablecoins Have Seen Massive Growth Within the Crypto Economy<\/h2>\n

Stablecoins have been a hot topic in the cryptocurrency world as the growth of these dollar-pegged tokens in 2021 has been quite significant. Basically, a stablecoin is a type of cryptocurrency that leverages the value of an external reference such as the U.S. dollar or another fiat currency.<\/p>\n

The largest stablecoin today in terms of market capitalization is tether (USDT<\/a>) as its current market valuation is $73.95 billion. During the last 30 days, USDT<\/a>\u2019s market valuation has increased by 3.9%. The second-largest stablecoin in terms of market capitalization is usd coin (USDC) with $37.6 billion, increasing by 15.2% in 30 days.<\/p>\n

2 Dollar-Pegged Tokens Represent 73% of Stablecoin Economy, Stablecoin Trading Pairs Dominate<\/h2>\n

While the stablecoin market valuation is $152 billion, USDT<\/a> and USDC combined command $111.55 billion or 73.38% of the stablecoin economy. While USDC\u2019s market cap jumped more than USDT<\/a>\u2019s, it wasn\u2019t the biggest increase last month within the top ten stablecoin standings. The stablecoin terra usd (UST) saw its market cap jump by 164.1% and frax (FRAX) increased by 119%. The stablecoin magic internet money (MIM) swelled by 56.8% and liquity usd (LUSD) increased by 49%.<\/p>\n

The presence of stablecoins is strong and during the last 24 hours, stablecoin trade volume was more than 50% of the crypto economy\u2019s global trade volume. Bitcoin (BTC<\/a>) markets alone show tether (USDT<\/a>) represents 52.63% of all BTC<\/a> swaps today and the stablecoin issued by Binance called BUSD commands 7.05% of BTC<\/a>\u2019s trade volume. USDC is the seventh-largest trading pair with BTC<\/a> and captures 1.75% of all BTC<\/a> swaps.<\/p>\n

Ethereum (ETH<\/a>) markets are not much different as USDT<\/a> represents 45.11% of today\u2019s ether trading pairs. BUSD represents 9.60% of all BTC<\/a> swaps on Friday and USDC commands 1.68%. Whether crypto markets are bearish or bullish, stablecoins like USDT<\/a>, BUSD, and USDC have been BTC<\/a>\u2019s and ETH<\/a>\u2019s top trading pairs in 2021, alongside fiat currencies like USD, JPY, and EUR. The same can be said for a great majority of the top coins in the crypto economy, as stablecoin pairs represent a large portion of trades these days.<\/p>\n

What do you think about the swelling stablecoin economy? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nAltcoins, BUSD, CoinGecko, Cryptocompare, DAI, Fiat Tokens, Fiat-Pegged, FRAX, GUSD, Stablecoin, Stablecoin Caps, stablecoin trades, Stablecoin Trading, Stablecoin Volumes, Stablecoins, SUSD, Tether, Tether (USDT), trade volume, tusd, USDC, USDT<\/p>\n","protected":false},"excerpt":{"rendered":"

A great number of digital currencies have swelled in value this year and as the end of 2021 approaches, the market capitalization of all 11,000+ crypto assets in existence is roughly $2.6 trillion. These days, it\u2019s safe to say that dollar-pegged tokens, otherwise known as stablecoins, have a strong presence in the crypto market. Today…<\/p>\n","protected":false},"author":0,"featured_media":14732,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14731"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14731"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14732"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}