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Stablecoin Economy

Stablecoin Market Adds $1B in Six Days as Major Tokens Expand

Stablecoin Market Adds B in Six Days as Major Tokens ExpandIn the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin economy has expanded by $1.04 billion, all within just six days. Tether, USDC See Supply Boosts as Stablecoin Market Grows by $1B in Less Than […]

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Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth

Stablecoin Market Expands by 4M in 7 Days, Led by Paypal’s PYUSD GrowthWhile the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million. Stablecoin Economy Grows as Bitcoin and Ethereum Prices Rise Bitcoin and ethereum […]

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Stablecoin Market Remains Steady in June Amidst Crypto Volatility

Stablecoin Market Remains Steady in June Amidst Crypto VolatilityWhile June was a lackluster period for crypto assets as many experienced double-digit losses against the U.S. dollar, the stablecoin market also saw minimal growth over the past 30 days. Ethena’s USDE led the growth, with its supply increasing by 21.4% since May. Stablecoin Economy Shows Little Change in June The stablecoin market remained relatively […]

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$16B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of Total

B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of TotalOver the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its supply. Stablecoin Market Swelled Last Season; USDE Climbs to Fourth Largest Dollar-Pegged Token While […]

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Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market’s Surge

Stablecoin Giant Tether Hits 0 Billion Market Cap Amidst Crypto Market’s SurgeAs the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From $300K to $100 Billion: Tether’s Meteoric Rise Tether (USDT), the top fiat-linked digital […]

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

Tether Grows 2.3% as Stablecoin Economy Loses .4 Billion in Value Since March 31While 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 Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing SupplyAccording 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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Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below  Billion RangeThe 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 Economy Sheds Another $3 Billion in 44 Days

Stablecoin Economy Sheds Another  Billion in 44 DaysThe stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD valuation shed 7.2% over the last month […]

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The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

The Stablecoin Economy Shed  Billion in 2022 After a Handful of Tokens Lost Their  Peg2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23 days as BUSD shed roughly 23.3% during the last month. Over $3 Billion in […]

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