• Latest
  • Trending
  • All
  • News
  • Lifestyle
Stablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades thumbnail

Stablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades

December 26, 2021
What a big new U.S. law that reshapes science agencies could mean for researchers thumbnail

What a big new U.S. law that reshapes science agencies could mean for researchers

August 10, 2022
Biden signs off on NATO applications for Finland, Sweden thumbnail

Biden signs off on NATO applications for Finland, Sweden

August 10, 2022
Republicans lash out at Justice Department after FBI searches Trump’s Mar-a-Lago home thumbnail

Republicans lash out at Justice Department after FBI searches Trump’s Mar-a-Lago home

August 10, 2022
Two Americans index: Why people move to red and blue states thumbnail

Two Americans index: Why people move to red and blue states

August 9, 2022
Dana Loesch Calls out Democrats as She Reacts to the FBI raiding Mar-a-Lago: "I'm Stunned" thumbnail

Dana Loesch Calls out Democrats as She Reacts to the FBI raiding Mar-a-Lago: “I’m Stunned”

August 9, 2022
Insulin Will Remain Expensive for Many, Thanks to Republicans thumbnail

Insulin Will Remain Expensive for Many, Thanks to Republicans

August 9, 2022
President Biden Signs Into Law Two Bipartisan Bills Aimed At Tackling Those Who Have Committed Fraud Under Pandemic Relief Programs  thumbnail

President Biden Signs Into Law Two Bipartisan Bills Aimed At Tackling Those Who Have Committed Fraud Under Pandemic Relief Programs 

August 8, 2022
Senate Democrats Pass Biden’s Health and Climate Bill thumbnail

Senate Democrats Pass Biden’s Health and Climate Bill

August 8, 2022
Republicans block cap on insulin costs for many Americans from Democratic deal thumbnail

Republicans block cap on insulin costs for many Americans from Democratic deal

August 8, 2022
This 41-year-old left the U.S. for Bangkok and lives a 'luxurious lifestyle' on $8,000 a month thumbnail

This 41-year-old left the U.S. for Bangkok and lives a ‘luxurious lifestyle’ on $8,000 a month

August 7, 2022
FCC votes to boost manufacturing in space thumbnail

FCC votes to boost manufacturing in space

August 7, 2022
Wealthy Americans Escape Tax Hikes in Bill But Will Face Beefed-Up IRS thumbnail

Wealthy Americans Escape Tax Hikes in Bill But Will Face Beefed-Up IRS

August 6, 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate
Wednesday, August 10, 2022
66 °f
Wellfleet
58 ° Tue
63 ° Wed
68 ° Thu
61 ° Fri
  • Login
  • Register
FREE Cape Cod News
DONATE
  • FREE Cape Cod News
  • News
    • News
    • Cape Cod News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
No Result
View All Result
Free Cape Cod News
No Result
View All Result
  • FREE Cape Cod News
  • News
  • Politics
  • Business
  • World
  • Entertainment
  • Lifestyle
  • Photos
  • Videos
Home Business

Stablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades

FREE Cape Cod News by FREE Cape Cod News
December 26, 2021
in Business, Cryptocurrency News
Reading Time: 2 mins read
Donate
0
Stablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades thumbnail
639
SHARES
1.4k
VIEWS
Share on TwitterShare on Facebook

Stablecoin Growth Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades

Since December 8, the stablecoin economy has grown 3.59% in 17 days as numerous stablecoin market valuations have issued more fiat-pegged tokens this month. On Saturday, December 25, the stablecoin economy’s $167 billion market valuation represents 6.68% of the entire $2.49 trillion crypto market economy.

Stablecoin Issuance Jumps 3.5%

There’s a great number of stablecoins in existence today that are pegged to the value of fiat currencies like the U.S. dollar. The U.S. dollar is the most common stablecoin peg today, but there are others that represent the euro and the Swiss franc. On Saturday, the total value of all the stablecoins in existence is $167 billion, up 3.59% since our newsdesk’s last stablecoin report. The most dominant stablecoin today is tether (USDT) with a market valuation of around $77.7 billion spread across various blockchains.

Stablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades
Top ten stablecoins by market valuation on December 25, 2021.

Tether’s sizable market capitalization is 46.52% of the entire stablecoin economy today. Usd coin (USDC) is the second largest stablecoin in terms of market capitalization with $42.4 billion. While USDT increased 5.7% during the last month, USDC climbed 14% during the last 30 days. The third, fourth and fifth largest stablecoin market valuations belong to BUSD, UST, and DAI respectively. BUSD’s $14.8 billion market cap increased by 14.6% during the last month and UST’s issuance jumped by 36.6%.

60% of Today’s Trades Are Paired With Stablecoins

The Makerdao-issued stablecoin DAI increased by 2.9% this past month with a valuation of around $8.9 billion. Terra Protocol’s UST stablecoin is 9.18% larger with a valuation of around $9.8 billion at the time of writing. MIM, FRAX, and FEI saw notable issuance increases as well with anywhere between 15.6% to 42.4% during the last month. The stablecoin origin dollar (OUSD) spiked more than 102% over the last 30 days and SUSD jumped 38.7%.

On Saturday, the stablecoin economy commands $55.4 billion in trade volume out of the aggregate $92.1 billion reported volume. This means with every trade today, 60.15% of the trades are paired with stablecoins. For instance, the leading crypto asset in terms of market valuation, bitcoin (BTC), has seen around 59.68% of today’s swaps with tether (USDT). The second leading crypto asset, ethereum (ETH), has similar metrics as 51.45% of all ether swaps are with tether as well.

What do you think about the stablecoin market valuation during the last 17 days swelling around 3.59%? Let us know what you think about this subject in the comments section below.

Read More

Tags: businesscryptocrypto exchangecryptocurrencydigital cryptocurrencyeconomystablecoins

FREE Digital Newspaper Subscription!
Sign up for your free digital subscription. The FREE Cape Cod News

Unsubscribe
FREE Cape Cod News

FREE Cape Cod News

Free Cape Cod News is what's happening in the Cape Cod, U.S and World & what people are talking about right now. Local newspaper. Stay in the know. Subscribe to get notified about our latest news.

Related Posts

The Globalists Are Bluffing And It’s Time To Call Them Out thumbnail
Cryptocurrency News

The Globalists Are Bluffing And It’s Time To Call Them Out

by FREE Cape Cod News
August 6, 2022
Sales of Businesses Slowing Due to Rate Hikes and Inflation thumbnail
Business

Sales of Businesses Slowing Due to Rate Hikes and Inflation

by FREE Cape Cod News
August 3, 2022
Is the US in Recession? Depends on Whom You Ask thumbnail
Business

Is the US in Recession? Depends on Whom You Ask

by FREE Cape Cod News
July 30, 2022
The Fed: The Fed could get lucky or things might go wrong. A guide to where the economy  might go from here thumbnail
Business

The Fed: The Fed could get lucky or things might go wrong. A guide to where the economy might go from here

by FREE Cape Cod News
July 23, 2022
Load More
Please login to join discussion

Follow Us on Twitter

FREE Cape Cod News - Your source for local Cape Cod news, latest breaking U.S. and World news. Every day, all day. Subscribe for your favorite categories.

  • Trending
  • Comments
  • Latest
Two Americans index: Why people move to red and blue states thumbnail

Two Americans index: Why people move to red and blue states

August 9, 2022
JEDEC releases next-gen DDR5 memory specification thumbnail

JEDEC releases next-gen DDR5 memory specification

July 21, 2020
Republicans lash out at Justice Department after FBI searches Trump’s Mar-a-Lago home thumbnail

Republicans lash out at Justice Department after FBI searches Trump’s Mar-a-Lago home

August 10, 2022
What a big new U.S. law that reshapes science agencies could mean for researchers thumbnail

What a big new U.S. law that reshapes science agencies could mean for researchers

August 10, 2022
Biden signs off on NATO applications for Finland, Sweden thumbnail

Biden signs off on NATO applications for Finland, Sweden

August 10, 2022
Republicans lash out at Justice Department after FBI searches Trump’s Mar-a-Lago home thumbnail

Republicans lash out at Justice Department after FBI searches Trump’s Mar-a-Lago home

August 10, 2022
Support Local News, Make a Donation Support Local News, Make a Donation Support Local News, Make a Donation

FREE Cape Cod News On Twitter

Today’s News

  • What a big new U.S. law that reshapes science agencies could mean for researchers August 10, 2022
  • Biden signs off on NATO applications for Finland, Sweden August 9, 2022
  • Republicans lash out at Justice Department after FBI searches Trump’s Mar-a-Lago home August 9, 2022
  • Two Americans index: Why people move to red and blue states August 9, 2022
  • Dana Loesch Calls out Democrats as She Reacts to the FBI raiding Mar-a-Lago: “I’m Stunned” August 9, 2022
FREE Cape Cod News

Copyright © 2022 Free Cape Cod News

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate

Follow Us

No Result
View All Result
  • FREE Cape Cod News
  • News
    • News
    • Cape Cod News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
  • Login
  • Sign Up

Copyright © 2022 Free Cape Cod News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist