Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days

[sirty143]

Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days

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.

Your opinion is greatly appreciated.

[damsix]

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!

[Tribalchief]

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.

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?.

[aiviaa485]

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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.

[MrSpasybo]

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.

[kent47400]

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.

[Wiseman]

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 ?

[nail2501]

Will USTC token cost $0.5 or is it a scam? Here (cryptopennyhub.com) the author writes that this is a risky asset, after the scam of the Luna project.

[Freemind]

Will USTC token cost $0.5 or is it a scam?

You mean TerraClassicUSD?. I don't know who told you that or where you read it, but logic (which sometimes doesn't work in this industry either) tells us otherwise. If you know the disaster that occurred with Terra Luna (and I suppose you do) you will know that everything related to that ecosystem ended very badly, especially for investors. Although shortly after the disaster we were able to read news about a possible alliance to save the ecosystem, today I think there is nothing concrete about it, and I haven't followed the information much either for quite some time.

Be careful where you put your funds.

[Cech1337]

Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days

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.

Your opinion is greatly appreciated.

It’s interesting to see the growth in the market value of leading stablecoins. Here’s a brief overview of what this increase could signify:

Market Growth:

Value Increase: The market value of fiat-pegged stablecoins has risen from $123.66 billion to $129.14 billion, marking an increase of nearly $6 billion. This is a significant jump and reflects a growing confidence in these assets.

Reasons for Growth: Several factors could be driving this expansion. Increased adoption in trading, the rise in decentralized finance (DeFi) applications, and overall market sentiment might be contributing to the higher valuation.

Implications:

Increased Adoption: The growth suggests that more investors and institutions are turning to stablecoins as a safe haven or for liquidity purposes. This could indicate a robust demand for stable and liquid assets in the market.

Market Sentiment: A rise in stablecoin market value might also reflect positive sentiment in the broader crypto space, as stablecoins are often used to move capital between assets and exchanges.

Additional Thoughts:

Future Trends: It will be interesting to see if this trend continues. Increased market value could lead to more innovations and use cases for stablecoins, enhancing their role in the financial ecosystem.

Market Impact: As stablecoins grow, they could influence other aspects of the crypto market, including trading volume, liquidity, and even regulatory focus.

What’s your take? Do you think this growth in stablecoin market value will continue, and what potential impacts could it have on the broader crypto market?

[Manna]

Will USTC token cost $0.5 or is it a scam?

You mean TerraClassicUSD?. I don't know who told you that or where you read it, but logic (which sometimes doesn't work in this industry either) tells us otherwise. If you know the disaster that occurred with Terra Luna (and I suppose you do) you will know that everything related to that ecosystem ended very badly, especially for investors. Although shortly after the disaster we were able to read news about a possible alliance to save the ecosystem, today I think there is nothing concrete about it, and I haven't followed the information much either for quite some time.

Be careful where you put your funds.

You are absolutely right.  The current price of the TerraClassicUSD (USTC) token at $0.5 has no logical basis, and may be linked to some kind of scam.  Keeping in mind the debacle of Terra Luna and USTC, it is understood that nothing related to this ecosystem is safe anymore. The debacle that happened with Terra Luna was a terrible incident where many investors lost their entire investment.  Although there have been some reports of possible efforts to save the Terra ecosystem, no stable solution has been found.  This is especially true for the USTC, which has yet to regain its $1 peg and is highly unlikely to recover that value in the future. It's important to be especially careful where you put your funds.  Avoid investing in potential scams or unsustainable projects, especially when there have been large-scale disasters before.  It is always important to research well and make a careful decision before investing in any project.

[Vision pro]

This news is also good for us to pay attention to, but I see that if the BUSD 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!

The situation with Binance USD , BUSD indeed reflects the increasing regulatory scrutiny in the crypto world. BUSD, although branded by Binance, was actually issued by Paxos. The decision by the SEC to target BUSD created a wave of uncertainty, leading Paxos to stop minting new BUSD tokens. This forced Binance to start reducing its reliance on BUSD, leading to its gradual removal from the platform.

[erus]

If you see OP writing about the increase in stable coin circulation usd it seems that if the crypto market continues to rise then the accumulation of stable coins will also increase. Unfortunately for now I see the price of Bitcoin is still stable between 50,000 dollars to 60,000 dollars, I mean there is no spike in the price of Bitcoin that passes more than 20,000 dollars for these months. OP also wrote 129 billion usd circulating in stable coins and I think that value is very large, it turns out that there are many who enter the crypto industry including large companies and whales.