In recent weeks, the supplies of some stablecoins have decreased while other stablecoin supplies have increased. USDT USDC TUSD BUSD
’s market capitalization has risen to $79.70 billion, and TUSD’s market valuation has grown to $2.05 billion. On the other hand, USDC’s number of coins in circulation has dropped by 6.12 billion since March 11. Statistics for the last 30 days indicate that USDC lost 19.5% of its supply compared to last month.
BUSD and GUSD experienced the largest reductions, with GUSD losing 31.6% of its supply over the last 30 days. BUSD has reduced its supply by 30.6% since last month, and its market valuation is just above $8 billion. According to Nansen’s proof-of-reserves tool, $7.3 billion BUSD is held by Binance. The stablecoin DAI issued by Makerdao has seen a 4.7% increase in circulation. Over the last month, FRAX recorded a 1.9% increase, and USDP has risen 8.5%.
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