did not see any significant increases over the last month, UST, FRAX, and USDN saw their 30-day issuance rate rise. Terra’s UST increased by 29.8% and today, the stablecoin has a market capitalization of around $14.7 billion at the time of writing.
Out of the top ten stablecoins during the last 30-days, Neutrino Protocol’s USDN rose by 43.8% and Terra’s UST increased by 29.8%. Frax , saw its 30-day issuance rate jump by 9.6% and Neutrino Protocol’s USDN rose by 43.8% during the last month. FRAX has a $2.9 billion market valuation and USDN commands a $638 million market capitalization today.
Makerdao’s stablecoin DAI, saw issuance levels dip during the last month down 4.6% and magic internet money saw a loss of 0.2% this past month. The Ethereum-based DAI has a $9.3 billion market valuation, while the Avalanche-based MIM has a $2.7 billion market capitalization. Overall, the entire stablecoin economy only has $13 billion more to rise before crossing the $200 billion zone. At the time of writing, the $187 billion stablecoin economy represents over 10% of the $1.83 trillion crypto economy.
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Spent a big chunk of my spare usdt on terra a while ago, still have no regrets about it
It looks like shit that will hire bots to spread the FUD and somehow compete with Tether
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I will buy only $PKR a solid asset that's built on a transparent platform utilizing blockchain technology with blockchain gaming metaverse a Play To Earn feature and NFT integrations.
USDT keeps within its limits.
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Happy pi day 🚀
It's going to crash the market, for sure.