The stablecoin economy has remained relatively lackluster over the past 30 days, fluctuating slightly above or slightly below the $124 billion range. In the last 24 hours, the global trade volume for fiat and commodity-pegged tokens has reached $11.55 billion.
Stablecoin Market Shows Resilience Amidst Volume Stagnation and Redemptions
As of September 17, 2023, coingecko.com reports that the total value of all stablecoin tokens is $123.86 billion. Tether (USDT), the leading stablecoin by market capitalization, holds the top position with $83,050,991,214. USDT’s supply increased by 0.8% over the past month.
On Sunday, USDC’s market cap stood at $26.16 billion, with its supply increasing by 0.6% in the past 30 days. DAI’s supply has decreased by 1.1% compared to 30 days ago, currently standing at $3.84 billion. TUSD’s supply has surged, showing a 12.9% increase over the month, bringing its market cap to $3.1 billion. Binance usd (BUSD) has experienced a significant supply decrease
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