Terra price gains 75% in February as $2.57B in LUNA tokens removed from supply
The token burn appears as the supply of UST, Terra’s stablecoin, rises by nearly 14.75% in the month. Go to Source Powered by WPeMatico
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Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols
On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes … Read more
Stablecoin Valuations Continue to Swell, MIM and MUSD Market Caps Increase by Triple-Digits in 30 Days
In mid-October, the market capitalization of all the stablecoins in existence was $134 billion and during the last three weeks, the valuation has increased by 5.59% to $141.5 billion. While terrausd’s market cap jumped by 6.7% over the last month, the stablecoin DAI saw an increase of 27.3% in 30 days. The largest stablecoin by … Read more
5 Dollar-Pegged Tokens Command 94% of the Swelling $135 Billion Stablecoin Market Cap
During the last month, four out of five of the top stablecoins by market capitalization saw their valuations swell in size. At the time of writing, there’s $135.4 billion in stablecoins but the top five collectively represent 94.40% of that total. While the largest stablecoin in terms of market cap increased by 2% over the … Read more
