FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts

May 26, 2024 Bitcoin.com

Altcoins

The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced a 29% supply decrease. Stablecoin Valuations Adjust With Diverse Market Movements in May Since […]

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Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions

May 13, 2023 Bitcoin.com

ATH

Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy of reaching its all-time high (ATH) set on May 8, 2022. Stablecoin […]

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Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31

April 25, 2023 Bitcoin.com

Tether Grows 2.3% as Stablecoin Economy Loses .4 Billion in Value Since March 31

Altcoins

While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for tether, which grew by 2.3% during that time. Four […]

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Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions

March 30, 2023 Bitcoin.com

Altcoins

Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD stablecoins increased by 218%. TUSD Supply Swells, Tron-Issued Stablecoins […]

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Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

March 26, 2023 Bitcoin.com

Altcoins

According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed. […]

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USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

March 13, 2023 Bitcoin.com

bitcoin.com

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. […]

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USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

March 12, 2023 Bitcoin.com

Auto-Conversion

On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether, […]

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USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

March 11, 2023 Bitcoin.com

Banking

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET) […]

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Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

March 3, 2023 Bitcoin.com

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below Billion Range

Altcoins

The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supply has dropped 40% lower. In contrast, the number of tethers in circulation has […]

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Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days

February 10, 2023 Bitcoin.com

Stablecoin Market in Flux: More Than Billion in USDC Redemptions in 30 Days

12.9%

It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease of approximately 4.9% in the same time […]

GUSD