As crypto market is in anticipation of the next big move, stablecoins grow in supply and trading volume cryptocurrency btc eth xrp usdt shib usdc
presented by CryptoRank, the total circulating supply on the market exceeded 150 billion dollars. Besides, over the last week since Aug. 5 trade, turnover of stablecoins increased by 46.73%. USDt has the greatest dominance among all products of the sector, holding 43.4% of the total supply, followed by USDC with 35%, then BUSD closes the top three with 11.6%.
Such an influx on the crypto market may turn out to be a surprise to both bulls — supporters of growth — and bears, who believe in the last dip of the crypto market as part of the not-yet-finished correction. In fact, both may be right. On the one hand, the growth in the volume of circulating stablecoins is an increase in the supply of"gunpowder" for the crypto market to
. On the other hand, an oversupply of stablecoins can exacerbate the already precarious position of the market, putting pressure on it.Noting the recent surge in the crypto market, coupled with an increase in the trading volumes of stablecoins, it is safe to assume that transactions have definitely started to occur more, and the market itself is
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Crypto Rules Crackdown Looms for $150 Billion Stablecoin MarketAs crypto’s most traded tokens, stablecoins like Tether and Circle have ballooned in circulation under a relatively light-touch regulatory regime. That’s about to change
Les mer »
Tucson has a $150 million surplus to spendTucson City Council is set to decide how to spend $150 million in excess funds over the next five years.
Les mer »
Crypto Rules Crackdown Looms for $150 Billion Stablecoin MarketAs crypto’s most traded tokens, stablecoins like Tether and Circle have ballooned in circulation under a relatively light-touch regulatory regime. That’s about to change
Les mer »
Aggregate open interest of ether options hits all-time highThe spike is happening as Ether has surged by 15% over the past week.
Les mer »
Drew Scott Shows the Hilarious Way His Newborn Son Parker Creatively 'Shares His Love'Yet again, MrDrewScott posts an all-too-relatable parenting pic we can't help but laugh at!
Les mer »
Tucson has a $150 million surplus to spendTucson City Council is set to decide how to spend $150 million in excess funds over the next five years.
Les mer »