general

The market capitalization of the BUSD stablecoin increased by 22% in two months

The market capitalization of the BUSD stablecoin increased by 22% in two months

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer The market capitalization of the BUSD stablecoin increased by 22% in two months

While USDT and USDC have lost billions, BUSD is up 22% in just over two months.

Before the collapse of the stablecoin Terra, in mid-April 2022, the dollar-pegged economy looked very different than it does today.

For example, on April 11, the value of the stablecoin market reached the $200 billion level for the first time in history.

On that day, April 11, 2022, the stablecoin economy was worth about $190.1 billion, and today it is worth about $146.81 billion.

After the date of April 11th, the slide started to the bottom following the de-correlation event of the Terra stablecoin in May, and then the stablecoin USDT lost $12 billion in market capitalization.

Read:The founder of “Yearn Finance” develops a new project and one of its investors incurred a loss of $360,000

In September, the USDC stablecoin began to see a contraction in its valuation, as the coin lost $6.7 billion in 83 days.

The market cap of the USDC stablecoin has fallen further over the past month, erasing nearly 12.2% in the span of 30 days.

The market cap of the BUSD stablecoin increased by 22% in two months:

The market capitalization of the Binance stablecoin (BUSD) between August 14, 2022 and October 22, 2022 has moved unlike the other aforementioned stablecoins.

The stablecoin has managed to increase by 22.88% or $4.05 billion since August 14, 2022.

Since January 1, 2022, the price of the BUSD stablecoin has jumped 50.31% from $14.47 billion to $21.6 billion today.

BUSD is one of the three stablecoins that are in the top ten in terms of cryptocurrency market capitalization.

At the time of writing this article, consequent The BUSD stablecoin ranks seventh in terms of total market capitalization.

Read:Trading platforms in South Korea stop trading some cryptocurrencies!

The BUSD stablecoin publishes monthly reports on the Paxos website.

Testimonials are written by the independent, third-party accounting firm WithumSmith + Brown.

Read also:

Elon Musk stated: The recession may last until the spring of 2024

APT digital currency is flying high and approaching the value of $ 10


And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
Cryptocurrency exchange FTX user loses $1.26 million through 3Commas software
Next post
Elon Musk stated: The recession may last until the spring of 2024