Terra’s UST Had Surpassed BUSD As Such Third Highest Famous Stablecoin - BitcoinEthereumNews.com
The data also shows that UST has been on a parabolic rise since mid-November, with a 525 percent increase in market cap since then. Although possessing a higher market capitalization than BUSD, UST trades in far smaller volumes, with Binance‘s stablecoin seeing $2.26 billion over trading activity in the last 24 hours compared to UST’s $431.79 million. Bullish statements, like the rest of the crypto market, haven‘t done anything to boost the price of LUNA recently. The token’s price has dropped 12.4% in the last 30 days to $77.31, and it has dropped 34.4 percent since hitting an all-time high of $119.18 on April 5. UST‘s entire market capitalization has increased by 15% in the last 30 days, to $17.5 billion at the time of writing, according to CoinGecko. Following trading places with BUSD, which has a significantly reduced market valuation of $17.46 billion, UST is the world’s third stablecoin. The market capitalization of the United States dollar has risen to equal that of the British pound. However, it barely accounts for about a fifth of the value of the Binance digital dollar in terms of the trading volume. Terra USD (UST), the Terra blockchain‘s algorithmic stablecoin, has surpassed Binance USD (BUSD) to