’s market cap is currently valued at $69.36 billion. Although, USDC was not the only stablecoin that recorded 30-day supply drops since the first of October, as a myriad of stablecoins saw supply reductions.The stablecoin DAI, issued by the Makerdao project, has seen a 10.7% reduction since last month. Frax saw an 11.1% slide downward and pax dollar dipped by 2.2%. The number of trueusd declined by 7.4%, and Tron’s USDD stablecoin supply reduced by 7.2% during the last 30 days. While BUSD’s8.
BUSD’s market cap is now more than half of USDC’s valuation, as the number of BUSD coins in circulation represents 50.82% of the USDC supply. Another interesting factor that took place within the stablecoin economy was the recent HUSD depegging event. 14-day HUSD chart shows the depegging event within the time-frame. HUSD is exchanging hands for $0.324 per unit on Nov. 2, 2022.
I think it's important to use reliable options right now. Such huge projects as the USDC are required to be audited.
Dunno what kind of Stablecoins there were, but major Stablecoins like usdt have only increased their capitalization in the past month
For the record, the main loser was the USDC, apparently they can not last long without a printer
Well, seems like the only stablecoin that will stay is Tether. Whales love it.
$USDC collapses so quickly that other stablecoins can't compensate for it
And almost all of them were usdc, they are losing their capitalization pretty damn fast now
And it is unlikely that anything will change. tether will still be in the top in a year, two, or whatever.
we need to clean a lit of stablecoins because usdc mustn't be there, no audit, no reserves. Why is it called a stablecoin?
people are starting to understand... usdc is barely backed and everyone is selling it, nice
Ouch this news stings abit. I'm sure I'm not the only one who wants to see value increasing and more use cases of stable coins in the non-digital world
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yea!
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