TerraUSD's collapse may have traumatized many investors, but the stablecoin market is on the rise.
TerraUSD’s collapse may have traumatized many investors, but the stablecoin market is on the rise.
As per the latest data compiled by crypto analytic platform, IntoTheBlock, USDC stablecoin recorded its second-highest volume ever.that with Bitcoin and Ethereum going down below $21k and $1,100, the total volume transacted on-chain on USDC reached $38.72 billion. Interestingly, this isn’t the first time that USDC has sailed through smoothly in the time of a market downturn.close the gap
to the top centralized stablecoin, Tether’s USDT. This was the time when extreme fear gripped the market, and investors ditched USDT for USDC, which went on to become the stablecoin of choice on the Ethereum blockchain. In fact, USDC has been gaining market share since the once-$18 billion UST stablecoin went on a death spiral, and USDT’s price wobbled.Currently, it is the second-largest stablecoin with a $54.23 billion market cap, right after Tether, which stands at a market value of $70.77 billion, according to CoinMarketCap.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Tron's Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity – Bitcoin NewsThe Tron stablecoin USDD took a small dive on Monday, dropping to $0.977 per unit during the crypto market carnage.
Lire la suite »
Tron's Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity – Bitcoin NewsThe Tron stablecoin USDD took a small dive on Monday, dropping to $0.977 per unit during the crypto market carnage.
Lire la suite »
NFT trading volume surges amid market and floor price crashThe OpenSea marketplace has been the biggest beneficiary of the increased NFT trading volume over the past 24 hours, with the platform posting a 173% gain in trading volume for a total of almost $24 million worth of sales.
Lire la suite »
Polaris Dawn crew training for epic private SpaceX mission this fallThe four crewmates scaled Ecuador's second-highest peak and went scuba diving off the California coast.
Lire la suite »
Unique Leica 35mm camera snapped up for over $15 million at auctionOne of the world's first 35mm cameras has been snapped up at auction for more than $15 million.
Lire la suite »
Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments – Bitcoin NewsBuenbit, an Argentinian exchange, announced the inclusion of two stablecoins as part of an expansion of its yield investment instruments program.
Lire la suite »