BUSD

Research analyst Tom Wan revealed that stablecoin DAI has <a href="https://dune.com/21shares_research/stablecoin-monitor" rel="noopener noreferrer nofollow">flipped</a> the fiat-collateralized BUSD with 4.39 billion in circulating supply, compared to BUSD’s 4.34 billion. The research revealed that while DAI’s 6-month low was $0.894, that of BUSD was $0.987.Tom Wan took to Twitter to announce that DAI has become the third-largest stablecoin:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/25a1e403a24e4299a014f80fcd605aef.png" />In a subsequent <a href="https://twitter.com/tomwanhh/status/1669628989034606592" rel="noopener noreferrer nofollow">tweet</a>, the on-chain data analyst asserted that DAI Saving Rate increased from 1% to 3.49% on the same day. Wan shared the insights in Dune Analytics’ Stablecoin Series section published by 21Shares, the world’s first and largest crypto ETP issuer.The research revealed that while the crypto-overcollateralized stablecoin DAI has a liquidity of $68,496,180 in 3Pool, BUSD’s liquidity in the BUSD-3CRV pool is 3,295,615. Further, where the BUSD% in BUSD-3CRV is 57.22% (above the 50% benchmark), stablecoin DAI’s % in 3 Pool is 18.28%, with a benchmark of 33%.The research data indicated that the 6-month standard deviation (SD) of BUSD and DAI is 0.0009 and 0.0048, respectively. Both stablecoins had a peg deviation of 0.09% at the time of writing. At press time, <a href="https://coinmarketcap.com/currencies/multi-collateral-dai/" rel="noopener noreferrer nofollow">DAI</a> is trading at $0.9997, whereas <a href="https://coinmarketcap.com/currencies/binance-usd/" rel="noopener noreferrer nofollow">BUSD</a> is trading at $1, as per CoinMarketCap data.Read full article at <a href="https://cryptotale.org/stablecoin-dai-flips-binance-usd-becomes-the-third-largest-stablecoin/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Stablecoin DAI Flips Binance USD, Becomes the Third Largest Stablecoin

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