Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries

May 16, 2022 Bitcoin.com

bitcoin.com

On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra’s Stablecoin De-Pegging Incident Has Cast a Spotlight on […]

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Stablecoin Economy Is $10 Billion Away From Reaching a $200 Billion Market Cap

April 11, 2022 Bitcoin.com

Stablecoin Economy Is Billion Away From Reaching a 0 Billion Market Cap

Altcoins

The stablecoin economy has grown during the last month as the market capitalization is now only $10 billion away from reaching the $200 billion mark. While the largest stablecoin, by market valuation, tether (USDT) swelled by 3% during the last 30 days to $82 billion, terrausd (UST) has increased by 15.4% to $16.7 billion. Stablecoin […]

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

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

March 15, 2022 Bitcoin.com

Stablecoin Economy Nears 0B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days

$132 billion

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, […]

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Stablecoin Economy Grows Close to 10% Larger in 54 Days — GUSD, BUSD, USDC Issuance Jumps

February 22, 2022 Bitcoin.com

Altcoins

At the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of stablecoins have issued more assets during the last seven days, as some of the top dollar-pegged coins have swelled by more than 20% since the […]

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion

February 4, 2022 Bitcoin.com

Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses Billion

Adoptive Forfeiture

As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the top five stablecoins, usd coin (USDC) saw its market capitalization jump the most, increasing 18.9% during the last 30 days. The […]

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Stablecoin USDC’s ERC20 Issuance Surpasses USDT’s Total Supply on Ethereum

January 15, 2022 Bitcoin.com

Altcoins

On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stablecoins tether and usd coin represent 71.84% of the entire stablecoin economy’s value. This week, the current total supply of usd coin surpassed tether, in terms […]

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols

January 10, 2022 Bitcoin.com

Astroport

On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes […]

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Maker Co-Founder Calls UST and MIM ‘Solid Ponzis’ That Will Go to Zero

January 8, 2022 Bitcoin.com

Abracadabra

Rune Christensen, one of the founders of Maker, the decentralized autonomous organization behind the governance of stablecoin DAI, has spoken out against two competitors. He stated that UST, Terra’s dollar-pegged stablecoin, and MIM, another collateralized stablecoin, were “solid ponzis” and that the bear market would eventually lead their prices to zero. Maker Co-Founder Calls Out […]

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Tether’s Market Cap Nears $80B, USDT Represents 46% of the Stablecoin Economy

December 30, 2021 Bitcoin.com

Tether’s Market Cap Nears B, USDT Represents 46% of the Stablecoin Economy

$78.2 billion

This week the stablecoin giant tether reached a market capitalization of roughly $78.2 billion according to data. Over the last 30 days, tether’s market valuation grew by 5.6% and the stablecoin now represents 46% of the $168.3 billion stablecoin economy. Tether Market Cap is Less Than $2 Billion Away From Reaching $80 Billion On December […]

Bitcoin To ‘Chop Altcoin Market Up’ in Consolidation Period, Says Analyst Benjamin Cowen – Here’s His Forecast

Stablecoin Flippening: UST Becomes the Biggest Decentralized Stablecoin By Market Cap

December 21, 2021 Bitcoin.com

Altcoins

UST, one of the stablecoins of the Terra project, has become the largest stablecoin by market capitalization today, after having surpassed its Ethereum-based rival, DAI. UST is now the largest decentralized stablecoin in the market, closing a year of growth for the Terra ecosystem, which is now among the most valuable top ten cryptocurrency projects […]

MIM

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