May 16, 2:00 pm
|Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Trea...|
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 the Entire Stablecoin Economy
For a few years now, stablecoin assets have been a popular hedging vehicle among many participants within the cryptocurrency community. In more recent times, stablecoins are being loaned out in great numbers in order to gather interest and high yield returns. In the early days, stablecoins were centralized projects and these days there are a few decentralized and algorithmic stablecoin tokens among the giants.
Tether (USDT) and usd coin (USDC) are the two largest stablecoin projects in terms of market valuation. Both of them are centralized, which means the company guarantees the stablecoins are redeemable for the $1 parity by holding reserves that cover the funds in circulation. Even before Terra's stablecoin de-pegging event, more confidence has been placed in the top two stablecoins bec...
March 15, 3:30 am
|Stablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43%...|
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 Swe...
January 15, 4:30 pm
|Stablecoin USDC's ERC20 Issuance Surpasses USDT's Total Supply on Ethere...|
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 tethe...
January 11, 4:30 pm
|Expanding Crypto Market Caps by 500% to 1,300%: Stablecoin Issuance Saw ...|
As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there's $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months, a slew of stablecoin valuations grew exponentially.
12-Month Stats Show Stablecoin Market Valuations Saw Massive Growth