What's Hot

    The rate of the VELO token fell on the eve of the update

    05.06.2023

    Multichain developers have fixed a bug in the protocol

    05.06.2023

    Polygon Price Approaching Critical Resistance

    05.06.2023
    Facebook Twitter Instagram
    Monday, June 5
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Altcoins»TerraUSD (UST) stablecoin market cap reaches $ 10 billion
    bf3ccd840b0c452333e6147184278fa27114e6da
    Altcoins

    TerraUSD (UST) stablecoin market cap reaches $ 10 billion

    AdministratorBy Administrator27.12.2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~ 2 m


    The value of all TerraUSD (UST) coins issued on the Terra blockchain reached $ 10 billion. This made the digital asset the first decentralized stablecoin to achieve this level.

    Despite the increase in the number of stable currencies, the volume of UST trading declined. As of 14:10 (Moscow time) on December 27, this figure was $ 115.53 million, which is 19.7% less than the day before.

    At the moment, the leader in capitalization among stable currencies in the Crypto.ru rating is Tether (USDT) with $ 77.99 billion, followed by USD Coin (USDC) – 35.03 billion and Binance USD (BUSD) – $ 14.85 billion.

    Experts noted that the rapid increase in the number of USTs clearly demonstrates that decentralized cryptocurrencies can become the future of this industry. The recent success of the Terra blockchain has also played an important role in strengthening the position of a stable currency. The network is showing high trading activity, which has increased the use of digital assets TerraUSD and LUNA, of which it is an issuer.

    TerraUSD offers users a higher level of scalability, interest rate accuracy, and interconnection usage than other stablecoin leaders. Another area where UST has demonstrated its strength is in the decentralized applications (DApps) market. Therefore, platforms that create fungible synthetic assets and track the value of real products often use this stablecoin as a pricing guide.

    In early December, the US Senate Banking Committee announced a hearing on the regulation of stablecoins. However, the senators could not come to a consensus. Therefore, analysts do not yet expect significant legislative changes for stable currencies.




    #TerraUSD #UST #stablecoin #market #cap #reaches #billion

    billion Cap Market reaches stablecoin TerraUSD UST
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    The rate of the VELO token fell on the eve of the update

    05.06.2023

    CryptoTanks, Oracle Meta Technologies, Foxify

    05.06.2023

    Top 3 most effective cryptocurrencies of the past week

    05.06.2023

    The LUNC token exchange rate increased by 22% after the release of Do Kwon on bail was allowed

    05.06.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • The rate of the VELO token fell on the eve of the update
    • Multichain developers have fixed a bug in the protocol
    • Polygon Price Approaching Critical Resistance
    • Fraudsters held a fake conference from the Uniswap crypto exchange and surprised its real creator
    • CryptoTanks, Oracle Meta Technologies, Foxify
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.