Brief Introduction to the Development of Algorithm Stablecoin and Infrastructure
Blog iconAmara Finance
Feb 21
Head of Economic Research @CrypTokamakCoverAs the infrastructure of the crypto world, stablecoins increased significantly with the market development and the rise of Dapps. At 29th December, 2021, Major stablecoins hit its peak of market cap, $78.2 billion for USDT, $42.1 billion for USDC, $14.6 billion for BUSD, $10.1 billion for UST, $9.3 billion for DAI, $1.7 billion for FRAX, $1.3 billion for TUSD and $0.9 billion for USDP, of which the total value was $158.2 billion, 471% higher than tha...

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