{"id":205,"date":"2021-09-15T05:29:52","date_gmt":"2021-09-15T05:29:52","guid":{"rendered":"https:\/\/mejoresapuestas.com\/en\/?p=205"},"modified":"2021-09-15T05:33:56","modified_gmt":"2021-09-15T05:33:56","slug":"combined-market-cap-of-top-three-stablecoins-more-than-tripled-ytd-and-hit-110b","status":"publish","type":"post","link":"https:\/\/mejoresapuestas.com\/en\/2021\/09\/15\/combined-market-cap-of-top-three-stablecoins-more-than-tripled-ytd-and-hit-110b\/","title":{"rendered":"Combined Market Cap of Top Three Stablecoins More than Tripled YTD and Hit $110B"},"content":{"rendered":"<p>In the wake of growing interest in the crypto market, stablecoins or cryptocurrencies linked to an asset have seen their market capitalization surge this year.<\/p>\n<p>According to data presented by <a href=\"https:\/\/mejoresapuestas.com\/\">Mejores Apuestas,<\/a> the combined market cap of Tether, USD Coin, and Binance USD, as the world&#8217;s top three stablecoins, more than tripled since the beginning of 2021 and hit over $110bn this week.<\/p>\n<h3><strong>Tether`s Market Cap Jumped Over $68B, a 158% Increase YTD<\/strong><\/h3>\n<p>Unlike other cryptocurrencies, stablecoins are relatively less volatile, and their value is determined differently. For example, the price of Bitcoin mainly follows demand and supply, or how many coins are being mined and how many investors want to buy the crypto. On the other hand, stablecoins are connected to the price of an altogether different asset.<\/p>\n<p>Tether&#8217;s USDT, for instance, is connected to the price development of the US dollar. If the US dollar falls in the FX market, so does the USDT. However, the price of the fourth-largest crypto by market cap spiked in 2021.<\/p>\n<p><script id=\"infogram_0_e8a24b8e-441a-4611-a692-8ac96c59b72c\" title=\"Stable coins market cap\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?5Is\" type=\"text\/javascript\"><\/script><\/p>\n<p>The CoinMarketCap data revealed that Tether&#8217;s market cap jumped by 158% year-to-date, rising from $26.5bn in January to $68.3bn this week. Also, as the world&#8217;s most traded cryptocurrency, Tether saw its trading volume increase by 35% last month. In July, the world&#8217;s most used stable coin hit $1.48trn in monthly trading volume. Statistics show this figure hit over $2trn in August.<\/p>\n<h3><strong>Binance USD Market Cap Soared by 742% YTD, the Biggest Increase Among Top Three Stablecoins<\/strong><\/h3>\n<p>Stablecoins are essential for two areas in digital payments that do not prefer volatility. One of them is the Decentralized Finance or DeFi market that relies on cryptocurrencies for payments and loans.<\/p>\n<p>Also, they are seen as the inspiration for so-called CBDC or Central Bank Digital Currencies, like China&#8217;s e-CNY currency or the digital euro, an electronic form of money issued by the Eurosystem.<\/p>\n<p>Although far behind Tether as the world&#8217;s leading stablecoin, USD Coin has seen much more significant market cap growth this year. Statistics show the market capitalization of the second-largest stablecoin surged by nearly 400% over the past nine months, reaching $29.2bn this week.<\/p>\n<p>Still, that was nearly twice less compared to Binance USD growth this year. In January, the combined value of all Binance USD coins stood at $1.48bn or almost 18 times less than the leading Tether. However, this figure soared to $12.5bn, showing an impressive 742% growth year-to-date.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the wake of growing interest in the crypto market, stablecoins or cryptocurrencies linked to an asset have seen their market capitalization surge this year. According to data presented by Mejores Apuestas, the combined market cap of Tether, USD Coin, and Binance USD, as the world&#8217;s top three stablecoins, more than tripled since the beginning &hellip; <\/p>\n","protected":false},"author":10,"featured_media":209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[3],"tags":[31,22,29,30,32],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Combined Market Cap of Top Three Stablecoins More than Tripled YTD and Hit $110B - Las mejores apuestas en<\/title>\n<meta name=\"description\" content=\"In the wake of growing interest in the crypto market, stablecoins or cryptocurrencies linked to an asset have seen their market capitalization surge this year. According to data presented by Mejores Apuestas, the combined market cap of Tether, USD Coin, and Binance USD, as the world&#8217;s top three stablecoins, more than tripled since the beginning &hellip;\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mejoresapuestas.com\/en\/2021\/09\/15\/combined-market-cap-of-top-three-stablecoins-more-than-tripled-ytd-and-hit-110b\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Combined Market Cap of Top Three Stablecoins More than Tripled YTD and Hit $110B - Las mejores apuestas en\" \/>\n<meta property=\"og:description\" content=\"In the wake of growing interest in the crypto market, stablecoins or cryptocurrencies linked to an asset have seen their market capitalization surge this year. According to data presented by Mejores Apuestas, the combined market cap of Tether, USD Coin, and Binance USD, as the world&#8217;s top three stablecoins, more than tripled since the beginning &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mejoresapuestas.com\/en\/2021\/09\/15\/combined-market-cap-of-top-three-stablecoins-more-than-tripled-ytd-and-hit-110b\/\" \/>\n<meta property=\"og:site_name\" content=\"Las mejores apuestas en\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-15T05:29:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-15T05:33:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mejoresapuestas.com\/en\/wp-content\/uploads\/sites\/14\/2021\/09\/Tether-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jastra Kran\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jastra Kran\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mejoresapuestas.com\/en\/2021\/09\/15\/combined-market-cap-of-top-three-stablecoins-more-than-tripled-ytd-and-hit-110b\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/mejoresapuestas.com\/en\/2021\/09\/15\/combined-market-cap-of-top-three-stablecoins-more-than-tripled-ytd-and-hit-110b\/\"},\"author\":{\"name\":\"Jastra Kran\",\"@id\":\"https:\/\/mejoresapuestas.com\/en\/#\/schema\/person\/c995893e01a056071c4fc999fe2e0ed5\"},\"headline\":\"Combined Market Cap of Top Three Stablecoins More than Tripled YTD and Hit $110B\",\"datePublished\":\"2021-09-15T05:29:52+00:00\",\"dateModified\":\"2021-09-15T05:33:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mejoresapuestas.com\/en\/2021\/09\/15\/combined-market-cap-of-top-three-stablecoins-more-than-tripled-ytd-and-hit-110b\/\"},\"wordCount\":412,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mejoresapuestas.com\/en\/#organization\"},\"keywords\":[\"Binance USD\",\"cryptocurrency\",\"stablecoins\",\"Tether\",\"USD Coin\"],\"articleSection\":[\"PR\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mejoresapuestas.com\/en\/2021\/09\/15\/combined-market-cap-of-top-three-stablecoins-more-than-tripled-ytd-and-hit-110b\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mejoresapuestas.com\/en\/2021\/09\/15\/combined-market-cap-of-top-three-stablecoins-more-than-tripled-ytd-and-hit-110b\/\",\"url\":\"https:\/\/mejoresapuestas.com\/en\/2021\/09\/15\/combined-market-cap-of-top-three-stablecoins-more-than-tripled-ytd-and-hit-110b\/\",\"name\":\"Combined Market Cap of Top Three Stablecoins More than Tripled YTD and Hit $110B - 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