Tether USDt

Single Collateral DAI 

USDC

BUSD

<ul><li>In February, the total market capitalization of stablecoins fell by 0.68% to $136 billion, the lowest since September 2021 and the eleventh consecutive monthly decline.</li><li>The total market share of stablecoins is now at 11.4%, down from 12.31% in January, the lowest since April 2022.</li><li>The decline is due to the recent rally in crypto asset prices and the decreasing stablecoin market cap.</li><li>Binance USD&#39;s market capitalization, according to CryptoCompare&#39;s <a href="https://cryptocompare.us19.list-manage.com/track/click?u&#61;09c4f41d23e5d6a61dacce331&amp;id&#61;84b816def5&amp;e&#61;e1df936468" rel="noopener noreferrer nofollow">stableecoins % CBDCs report</a>, has fallen 18% to $13.2 billion, likely due to the NYDFS order to stop issuing it, and the SEC&#39;s planned lawsuit against issuer Paxos for violating investor protection laws.</li><li>The market capitalization of USDT increased by $2 billion, and its market share rose to 51.7%, the highest since October 2021.</li><li>Outflows of Paxos stablecoins occurred after the SEC&#39;s move against BUSD, leading to a decline in market cap of BUSD and Pax Dollar, and a rise in market cap of USDD, USDT, and TUSD.</li><li>USDC&#39;s market cap fell 1.76% to $41.4 billion.</li></ul><p>Read <a href="https://www.cryptoglobe.com/latest/2023/02/stablecoins-market-cap-has-been-falling-for-nearly-a-year-report-reveals/" rel="noopener noreferrer nofollow">more about the stablecoins report on CryptoGlobe.</a></p>

Stablecoins’ Market Cap Has Been Falling for Nearly a Year, Report Reveals

CryptoGlobe

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