Mobile Prices / Blog / Cryptocurrency / Stablecoin Valuations Continue to Swell, MIM and MUSD Market Caps Increase by Triple-Digits in 30 Days

Stablecoin Valuations Continue to Swell, MIM and MUSD Market Caps Increase by Triple-Digits in 30 Days

Cryptocurrency

By Yes Mobile

25
Stablecoin Valuations Continue to Swell, MIM and MUSD Market Caps Increase by Triple-Digits in 30 Days

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 of the stablecoins in existence was $134 billion and over the past three weeks, the valuation has elevated by 5.59% to $141.5 billion. Whereas terrausd’s market cap jumped by 6.7% over the past month, the stablecoin DAI noticed a rise of 27.3% in 30 days. The most important stablecoin by market capitalization elevated by 6% this month with a grand whole of 73 billion tethers in circulation at present.

Stablecoin Capitalization Will increase by 5.59% Over the Final Month — Makerdao’s Stablecoin Rises 27%

On October 13, 2021, the most important stablecoin market cap held by tether was $70.9 billion and it’s now $73 billion. The stablecoin market USDC was $33.Three billion and at present it’s $34.2 billion. Whereas tether’s (USDT) market cap jumped final month by 6%, USDC’s improve was barely much less with a 5.8% improve in 30 days.

Out of the highest 5 stablecoins in phrases of total valuation, the stablecoin DAI, issued by Makerdao, rose essentially the most with a 27.3% soar final month. Terrausd, the stablecoin issued by the Terra community, elevated 6.7% this previous month and was the second-largest 30-day gainer.

Mstableusd, Magic Web Cash See Triple-Digit Will increase — TIME, KLIMA Rebase Tokens Rise

An outlier in the highest stablecoins, positioned in the sixth spot is magic web cash (MIM) which noticed a large 30-day improve of 152.3%. The abracadabra.cash issued MIM stablecoin has a market valuation of $2.5 billion and $112 million in 24-hour commerce quantity. On the time of writing, the AVAX-based decentralized change (dex) platform Dealer Joe is essentially the most energetic MIM change. Whereas MIM elevated by 152% final month, it’s the second-largest gainer as mstableusd (MUSD) rose by 379.4%.

MUSD now has a market valuation of $139.Three million and $2 million in international commerce quantity. Whereas the highest stablecoin market caps have elevated, their sibling protocols — rebase tokens — have risen as properly. The highest rebase (reserve token) olympus (OHM), nonetheless, is down 25.5% over the past seven days. The second and third largest rebase tokens wonderland (TIME) and klima dao (KLIMA) have elevated. TIME seven-day stats swelled by 38.5% and KLIMA’s weekly metrics rose 10.5%.

What do you concentrate on the swelling stablecoin market valuation and the rise of rebase tokens? Tell us what you concentrate on this topic in the feedback part under.


author-yes-mobile
Yes Mobile
Yes Mobile is the senior mobile blog writer and technology expert. Our aim provides the best information about mobile technology and latest mobile prices in Pakistan new mobile news video reviews issues etc. And how to use software easy ways. and much more.

Latest Posts


Latest Mobile Price List in Pakistan



BlackBerry DTEK70 Coming Soon
BlackBerry DTEK60 Coming Soon
Tecno Phantom 8 Rs. 34,500
Apple iPhone XS Max Rs. 166,499
Apple iphone 8 Plus Rs. 110,499
Apple iphone 8 Rs. 96,499
Apple iPhone X Rs. 128,499
Huawei Nova 3 Rs. 58,499
Honor 9 Mobile Rs. 55,499
Tecno Camon 11 Pro Rs. 29,500
Nokia 8 Sirocco Rs. 103,500
Meizu Zero Rs. 67,500
Nokia 5.1 Rs. 18,500
Nokia X6 Rs. 31,500
Nokia 4 Rs. 19,500
Realme 2 Rs. 25,499
Tecno Camon iACE2X Rs. 13,300
Realme U1 Rs. 28,499
Meizu Note 8 Rs. 44,500
Realme C1 Rs. 18,000
Meizu 16s Plus Rs. 71,500
Huawei P30 Pro Rs. 173,500
Samsung Galaxy A70 Rs. 61,499
Huawei P30 Lite Rs. 43,499
Oppo F11 Pro Rs. 54,499
Oppo A5s Rs. 19,500
Samsung Galaxy A10 Rs. 20,500
Vivo V15 Pro Rs. 57,500