- Tether currently has a market cap of $82.6 billion, accounting for 4.21% of the entire crypto industry.
- As of Tuesday, about 560K petitions requesting Shiba Inu listing were gathered.
Stablecoin is $10B from hitting $200B market cap
The stablecoin economy is valued at $190.1 billion, according to figures from Monday, April 11, 2022. Stablecoins have acquired $68 billion in transaction volume in the previous 24 hours, out of $107 billion in today's global trading volume. The highest of the group is tether (USDT), which has climbed by 3% in the previous month. Tether currently has a market cap of $82.6 billion, accounting for 4.21% of the entire crypto industry.
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The second-largest stablecoin, usdcoin (USDC), dropped 2.9% in the previous month. BUSD has likewise fallen in the previous 30 days, losing 1.2%. Terrausd (UST), the fourth-largest stablecoin by valuation, increased by 15.4%. On Monday, the market valuation of UST was $16.7 billion, accounting for 0.85% of the total crypto sector's total valuation of $1.96 trillion.
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Makerdao's DAI is now the sixth most valuable stablecoin, valued at $8.9 billion, although its market cap has dropped by 4.9% in the previous 30 days. Although Neutrino USD (USDN) has had difficulty maintaining its $1 peg in recent months, its market valuation has surged by 70.2% in the previous 30 days. Aside from USDN's sharp increase, HUSD's market value increased by 16.8% in the past month to $294 million.
The Gemini dollar (GUSD) value has dropped significantly over the last month, dropping 23.9%. Trueusd's (TUSD) market capitalization has likewise dropped by 9% in the previous 30 days. Notwithstanding significant declines during the previous month, the overall market value of stablecoins has increased by 1.65% in the last 30 days.
With Terra's UST valued at $16.7 billion and BSC's BUSD valued at $17.8 billion, UST is on the verge of overtaking BSC's stable coin. Furthermore, the fiat-pegged digital currencies will surpass the $200 billion mark after swelling another $10 billion higher than today's stablecoin economic worth.
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Robinhood lists SHIB and three others, coin rises
On Tuesday, the popular crypto platform Robinhood announced that it has made four new coins available for exchange on its platform. The newly listed cryptos are compound (COMP), polygon (MATIC), Solana (SOL), and Shiba inu (SHIB).
SHIB is now available on the Robinhood app, which is great news for Shiba inu fans. Since October of last year, the SHIB society has pressed Change.org to add the meme coin. As of Tuesday, about 560K petitions had been gathered.
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"Our crypto clients have frequently requested two things over the past year: the opportunity to exchange their coins, and a greater range of crypto," according to the Robinhood release.
The business also stated that it has rolled out new crypto wallets to over two million consumers in response to their top demand.
While the new crypto-assets may now be exchanged, Robinhood notes that "deposit and withdrawal will not be accessible for these currencies instantly, but that feature is coming shortly."
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SHIB is currently trading at $0.00002799 per coin. According to statistics from Bitcoin.com Markets, it has climbed more than 20% in the previous 24 hours and more than 5% in the last seven days.
