Today news
About the same in other media
Terra’s UST becomes first decentralized stablecoin to hit $10B market cap
Reading now: 530
ambcrypto.comOne of the biggest growth areas in the crypto-space this year is undoubtedly the stablecoin market. In fact, as per a report, the largest stablecoin issuers have increased 500% over the past 12 months. UST, one of the stablecoins in the Terra ecosystem, has recorded some impressive figures within this sphere.
It overturned DAI’s reign as the largest decentralized stablecoin by market cap, making it one of the top 22 crypto-projects by market cap.
Terra USD/UST has also added to its market dominance with a hike in share from 0.67% to over 6% in 2021, with barely any exchange listings. Do Kwon, the founder of Korean blockchain project Terra, believes that demand for his US dollar-pegged stablecoin could increase “rapidly” early in 2022.
Well,
Read more on ambcrypto.comAbout this in other media
Solana's Serum Raises USD 100M, Coinsuper vs. Crypto Traders, Euro Inflation Surprise + More News cryptonews.com /2 years ago
Andreessen Horowitz Secures USD 9B War Chest for New Investments cryptonews.com /2 years ago
Dapper Labs becomes the first NFT company to register to lobby with the US government cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
