Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: sirty143 on November 26, 2023, 02:12:36 PM

Title: Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days
Post by: sirty143 on November 26, 2023, 02:12:36 PM
Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days

(https://i.imgur.com/CEFONmVm.jpg)

Over the last few weeks, the market value of leading stablecoins has experienced a notable increase. The economy of these fiat-pegged tokens expanded from $123.66 billion to the present $129.14 billion. This substantial growth of almost $6 billion comes... See more for yourself here (https://news.bitcoin.com/stablecoin-market-rebounds-5-48-billion-growth-in-22-days/).

Your opinion is greatly appreciated.
Title: Re: Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days
Post by: damsix on December 12, 2023, 02:56:33 AM
This news is also good for us to pay attention to, but I see that if the BUSD (Binance USD) stable coin is euthanized by the SEC, very strange and strict regulations will mean that BUSD will be removed from the largest exchange in cryptocurrency at the moment, namely Binance.
I saw that FDUSD was advancing to become the best partner to replace BUSD and this was my strange experience in cryptocurrency, because Binance USD was a stable coin made by Binance but was removed again by Binance which received strict regulations from the SEC, OMG!
Title: Re: Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days
Post by: Tribalchief on December 13, 2023, 10:13:31 PM
Quote from: sirty143 on November 26, 2023, 02:12:36 PM
Over the last few weeks, the market value of leading stablecoins has experienced a notable increase. The economy of these fiat-pegged tokens expanded from $123.66 billion to the present $129.14 billion. This substantial growth of almost $6 billion comes... See more for yourself here (https://news.bitcoin.com/stablecoin-market-rebounds-5-48-billion-growth-in-22-days/).

Your opinion is greatly appreciated.
The stablecoin market is indeed impressive, with Tether performing exceptionally well. I was surprised by its substantial market cap initially. Generally, most stablecoins are thriving; however, should we be concerned about BUSD?.
Title: Re: Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days
Post by: aiviaa485 on January 09, 2024, 08:31:21 AM
Quote from: Tribalchief on December 13, 2023, 10:13:31 PM
Quote from: sirty143 on November 26, 2023, 02:12:36 PM
-
however, should we be concerned about BUSD?.
There is no need to worry about BUSD because as far as I know, this BUSD coin has been removed again by Changpeng Zhao.
So what we need to do is only focus on the USDC, USDT and DAI coins which have been involved in cryptocurrency for a long time. This is strong evidence that USDT, USDC and DAI are stable coins that are tough against various regulations
It's a shame, because BUSD is a new coin created by Binance and entered the top 10 Coinmarketcap then replaced by FDUSD due to regulations imposed by the SEC, but with the presence of FDUSD hopefully Binance will remain the number 1 exchange in cryptocurrency.
Title: Re: Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days
Post by: MrSpasybo on January 12, 2024, 05:55:38 PM
Quote from: aiviaa485 on January 09, 2024, 08:31:21 AM
There is no need to worry about BUSD because as far as I know, this BUSD coin has been removed again by Changpeng Zhao.
So what we need to do is only focus on the USDC, USDT and DAI coins which have been involved in cryptocurrency for a long time. This is strong evidence that USDT, USDC and DAI are stable coins that are tough against various regulations
It's a shame, because BUSD is a new coin created by Binance and entered the top 10 Coinmarketcap then replaced by FDUSD due to regulations imposed by the SEC, but with the presence of FDUSD hopefully Binance will remain the number 1 exchange in cryptocurrency.
BUSD = Binance USD is a way for Binance to reach users and capture a portion of stable coin market. We all know Tether and Circle make billions of dollars from government bond profits, and Binance doesn't want to miss the opportunity. I do not support BUSD being considered a security, because the stable coin does not generate dividends or promise future price increases.

It's unfortunate that we lost BUSD, but the stable coin market continues to move forward. Stable coins increased, indicating increased inflows into the crypto market, confirming a change in market trend from bearish to bullish. I will wait for the moment when stable coins total cap creates a new ATH, surpassing $188B of 2021.
Title: Re: Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days
Post by: kent47400 on January 19, 2024, 02:47:01 AM
Quote from: MrSpasybo on January 12, 2024, 05:55:38 PM
I will wait for the moment when stable coins total cap creates a new ATH, surpassing $188B of 2021.
188,000,000,000 USD This number in accordance with your writing is 188B USD?
This figure is 188,000,000,000 USD overall from a stable coin? Or only USDT?
I mean, in 2021 the total value of Busd, USDC, Dai, Trueusd has not been calculated.
Can you provide accurate information from where the accumulation of that number is ??
Because if I see, the value is very large and really extraordinary I can find out if in detail explained by you.

Title: Re: Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days
Post by: Wiseman on January 30, 2024, 07:36:35 AM
Quote from: MrSpasybo on January 12, 2024, 05:55:38 PM
I will wait for the moment when stable coins total cap creates a new ATH, surpassing $188B of 2021.
Very interested to read what you have to say on this .
This is the first time I've come across such a discussion where someone expects something from the fact that the total supply of Stablecoins will increase.
Is there any way it can affect the whole market ?