The stablecoin market is approaching 15 % market capitalization of the entire crypto economy

About two months ago, the stablecoin economy was valued at $ 190 billion and approaching more than $ 200 billion. However, after the collapse of Terra stablecoins, the fiat-token economy has since lost $ 16.31 billion. Then the stablecoins themselves represented 9.35 % net values throughout the crypto economy. 61 days later, the crypto economy is worth about $ 1.15 trillion, and the market capitalization of stablecoins today represents 13.8 % of that total.

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The share of stablecoins increased from 9 % to 13.8 %

For the first time in history, 36 days ago, three stablecoins were in the top ten digital currencies in terms of market capitalization. At the time it was tether (USDT), usd coin (USDC) and terrausd (UST), that was before the UST implosion.

Terrausd is gone and there are still three stablecoins in the top ten today, as binance usd (BUSD) is the seventh largest crypto asset in terms of market capitalization. Two months ago, on April 11, the stablecoin economy was valued at $ 190 billion, and today the value of the stablecoin market is $ 159 billion.

On that day in April, the entire crypto economy was valued at $ 2.03 trillion, and today it is worth about $ 1.15 trillion. Stablecoins dominate much more than they did when their combined capitalization approached $ 200 billion.

Stablecoins also account for a lot of trading volume, and at the time of writing, fiat-related tokens had a volume of $ 46.1 billion, while all crypto assets combined reached $ 71.6 billion. The data show that 64.38 % of all digital currency trades were exchanged in stablecoin pairs yesterday.

For example, tether trades (USDT) accounted for 60.26 % of worldwide Bitcoin trading volume (BTC), while orders with BUSD 10.05 %. USDT and BUSD were the two best business couples with BTC At the time of writing, according to metrics cryptocompare.com.

Tether is still the king of stablecoins with a market capitalization of $ 72 billion, representing more than 6 % of the entire crypto economy. USD Coin (USDC) is the second largest stablecoin by market capitalization with $ 53.7 billion.

The USDC makes up more than 4 % of the total market capitalization of cryptocurrencies and together make up the USDC i USDT 76.92 % from the entire dominance of stablecoins in the amount of 13.80 %. BUSD, meanwhile, represents 1.58 % of the entire crypto economy. More than 1 % crypto economies form stablecoins such as DAI, FRAX, TUSD and USDP.

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All content in this article is for informational purposes only and does not in any way serve as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.