Although stablecoins are not often seen in the news and headlines due to their fixed prices, stablecoins have grown significantly in 2021 due to the increase in the use of the crypto market.
The eight largest stablecoins 2021 average market values in 574% increased. since January 1 Tether (USDT) 366% while growing USDC %one thousand showed growth.
This growth is just bitcoin‘s movements, but also many altcoins 2021 It can be explained by making ATH in the year. Based on this, it can be said that stablecoins do not lag behind in the rise in the crypto sector, although their prices remain stable.
Tether (USDT) demonstrated this year 366%It still remains the largest stablecoin with an increase of . Despite that Tetherin the reserves USDT due to transparency problems in still remains the target of regulators.
USDTAnother stablecoin is gaining ground in the market due to . This year, Circle and Coinbase managed by USDC 1090% growing up 42 billion reached the dollar reserve. It USDTof 80 billion dollars That’s almost half of the reserve.
Although stablecoins are generally used for trading on the stock market, this is of interest to governments looking to protect their local currencies. Because of this situation, governments Digital Central Bank Money accelerating its work.
your reserves Ethereum other cryptocurrencies such as DAI, this year 1.2 billion from dollars 9.3 billion about a dollar 8 floors grew up.
Also called algorithmic stablecoin TerraUSD (TUSD) It has become the most growing stablecoin ever among DeFi stablecoins. From $181 million to $9.94 billion coming out TUSD %5400 showed growth.