Top 5 Stablecoins To Buy In 2023 The total stablecoins market cap started the year at $167.9 billion on january 1, 2022, and ended off at $138.4 billion on january 31, 2023. the $29.5 billion contraction represents a 17.6% decline for the total stablecoins market cap. across the board, all stablecoins faced a similar decline in individual market cap with the exception of usdc. Usdd. the usdd algorithm stablecoin, introduced by tron in may 2023 on the ethereum, bnb chain, and tron blockchains, is at the top of the list. the usdd maintains its value at a fixed exchange rate to the usd, as it is tied to the usd in a 1:1 ratio.
Top 5 Stablecoins In 2023 Updated Blockchain Council Tether (usdt) stablecoin usdt is one of the most popular, it ranks third in the overall ranking of cryptocurrencies in capitalization (first among stablecoins). as of january 2023, it stands at over $66 billion, with an exchange rate of $1.01. tether usdt wallet is used to exchange stablecoin to fiat, make payments and withdraw usdt. Top 5 stablecoins to buy in 2023 stablecoins have been around for nearly a decade. they have brought some stability to the volatile crypto market and become an alternate way to send money across countries, especially within africa, without the stress of dealing with traditional payment methods. Top stablecoin tokens by market capitalization. this page lists the most valuable stablecoins. they are listed by market capitalization with the largest first and then descending in order. market cap $171,985,462,748. 0.05%. trading volume $70,988,048,312. 26.27%. #. name. Firstly, tether has very little actual cash backing usdt since most of the assets backing the stablecoin are various forms of debt and other digital assets. secondly, tether's market capitalization recently dipped by over $10 billion in may 2022 after the stablecoin traded for as low as 95 cents.
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