✨ Market Cap of Top 10 Stablecoins ✨
In the last decade, #stablecoins have grown to become an integral part of the #cryptocurrency landscape — and the largest stablecoin, Tether $USDT, currently clocks in more trading volume than the next top 5 largest stablecoins combined.
During this time, a wide variety of stablecoin mechanisms have emerged, most of which are pegged to the US dollar (USD) and backed by funds held in reserve (e.g. $USDC, $USDT and $BUSD), whereas others are algorithmically stabilized or backed by cryptoassets.
The Total Market Capitalization of all stablecoins now exceeds $180 billion — close to its highest value ever. This has been largely catalyzed by growth in the supply of $USDT, $USDC and $BUSD over the last year.
👉 Check out the latest MCAP and rankings here: https://coinmarketcap.com/view/stablecoin
In your opinion, which #stablecoin is the most likely to fail (e.g. permanently lose its peg or shut down) in the next year?
Let us know here 🔥
In the last decade, #stablecoins have grown to become an integral part of the #cryptocurrency landscape — and the largest stablecoin, Tether $USDT, currently clocks in more trading volume than the next top 5 largest stablecoins combined.
During this time, a wide variety of stablecoin mechanisms have emerged, most of which are pegged to the US dollar (USD) and backed by funds held in reserve (e.g. $USDC, $USDT and $BUSD), whereas others are algorithmically stabilized or backed by cryptoassets.
The Total Market Capitalization of all stablecoins now exceeds $180 billion — close to its highest value ever. This has been largely catalyzed by growth in the supply of $USDT, $USDC and $BUSD over the last year.
👉 Check out the latest MCAP and rankings here: https://coinmarketcap.com/view/stablecoin
In your opinion, which #stablecoin is the most likely to fail (e.g. permanently lose its peg or shut down) in the next year?
Let us know here 🔥