The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023.Over the last 30 days, BUSD’s token supply has dropped 40% lower.In contrast, the number of tethers in circulation has increased by 4.7% to 71.11 billion in the last month.BUSD Slips Below $10 Billion, Tether Supply Rises by 4.7% to Over $71 Billion In the stablecoin economy, currency supply fluctuations are key drivers of change.As of Friday, March 3, 2023, the stablecoin economy has a valuation of $136 billion, and stablecoins account for $47 billion of the world’s trade volume over the last 24 hours.The supply of BUSD has dropped significantly and now stands at 9.68 billion, representing roughly 0.901% of the entire crypto economy’s net value.In contrast, the top two largest stablecoins by market capitalization, USDT and USDC, have seen increases in terms of coins in circulation over the past 30 days, while BUSD’s supply continues to plummet.
This month, the supply of tether (USDT) has risen 4.7%, surpassing 71 billion coins.
Usd coin (USDC) has also seen a 1.7% increase, with 43.16 billion coins in circulation.However, the supply of three other top stablecoins, namely DAI, pax dollar (USDP), and gemini dollar (GUSD), has diminished.DAI’s supply has decreased by 2.1% this month, while USDP has dipped 20.2% lower.Similarly, GUSD’s supply has also slid 2% lower over the last 30 days.
In contrast, trueusd’s (TUSD) supply has increased by 22.5% over the last month, reaching 1.16 billion coins.USDD and FRAX have also experienced increases, with USDD rising slightly by 0.2% over the past month and FRAX climbing by 1.1% compared to the previous month.Together, all nine aforementioned stablecoin assets make up 70.22% of the 24-hour trading volume.Before the Terra stablecoin depegging event, the stablecoin market was more predictable and exhibited steady growth.
The declines in recent times, however, demonstrate the current unpredictable nature of the stablecoin market.Tags in this story Blockchain, BUSD, BUSD supply, Crypto, Cryptocurrency, cryptocurrency market, DAI, Decentralized, depegging, Digital Assets, Digital Currency, Digital Tokens, Economy, Finance, Financial Technology, fluctuation, FRAX, GUSD, investment, Market Capitalization, Peer-to-peer, Stablecoin Economy, Stablecoin Tokens, Stablecoins, Supply, Terra, Trading Volume, tusd, USDC, USDD, USDP, USDT, valuation, Virtual Currency What do you think the future holds for stablecoins in light of recent supply fluctuations? Share your thoughts about this subject in the comments section below.
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.Redman has been an active member of the cryptocurrency community since 2011.
He has a passion for Bitcoin, open-source code, and decentralized applications.Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.
Bitcoin.com does not provide investment, tax, legal, or accounting advice.Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.AI Artificial Intelligence Crypto Assets Continue To Surge, Accounting For $4 Billion In Market Value Following a brief downturn in mid-February 2023, artificial intelligence (AI) crypto assets have continued to see gains over the last 30 days.Currently, out of 74 listed AI-focused cryptocurrencies, the net value of all these tokens has risen to more than $4 billion, which accounts for 0.37% of the entire crypto economy’s value.
Majority of Listed AI Cryptocurrencies See Positive Gains Over Last Month Artificial intelligence (AI) has been a dominant theme in 2023, resulting in a significant surge in the value of AI-focused tokens this year.Bitcoin.com News reported on the rise of these cryptocurrencies at the end of January, and despite a brief pullback in mid-February, AI crypto assets have continued to see gains throughout the month.
According to data from cryptoslate.com, 74 AI-centric digital currencies are now worth $4.03 billion, accounting for 0.37% of the overall crypto market and 1.19% of the smart contract token market.Moreover, the majority of the 74 listed cryptocurrencies associated with artificial intelligence have experienced positive gains in the last month.The largest of the AI-focused digital currencies is graph (GRT), with a current market valuation of approximately $1.42 billion.GRT has increased 70.57% against the U.S.dollar in the last 30 days.
Singularitynet (AGIX), the second-largest AI-centric crypto asset, has surged 132.67% this month.Fetch.ai (FET) has risen by 53.21%, and ocean protocol (OCEAN) is up 7.26% in the 30-day period.Iexec rlc (RLC), the fifth-largest AI-focused token, increased 6.29% against the U.S.dollar last month.The top five AI digital currencies, namely graph (GRT), singularitynet (AGIX), fetch.ai (FET), ocean protocol (OCEAN), and iexec rlc (RLC), account for $2.69 billion, or 67.3%, of the AI-crypto economy’s $4 billion.
Other notable gainers in the AI digital currency market this month include alethea artificial liquid intelligence token (ALI), which increased 30.28%; phoenix global (PHB), which swelled by 23.64%; xmon (XMON), which jumped 30.47%; measurable data token (MDT), which spiked 124.97%; and singularitydao (SDAO), increased by 121.48%.As of writing, the 74 AI-centric digital currencies have collectively risen 3.07% against the U.S.dollar in the last 24 hours.However, in the last seven days, the AI digital currency sector has experienced a 4.14% decline in value.The AI digital currency market’s trading volume in the last day was approximately $444.39 million.This figure represents 0.8% of the current $55.39 billion global trade volume in the last 24 hours.Tags in this story ai, alethea artificial liquid intelligence token, Artificial Intelligence, crypto assets, Cryptocurrencies, cryptoslate.com, data, Digital Currencies, Fetch.AI, future, Gains, Global Trade Volume, graph, iexec rlc, market value, measurable data token, mid-February, Ocean Protocol, phoenix global, Pullback, singularitydao, Singularitynet, smart contract token market, Surge, Tokens, Trading Volume, U.S.dollar, xmon What are your thoughts on the continued growth of AI-focused crypto assets? Do you believe these digital currencies will continue to see significant gains in the future? Share your opinions in the comments section below.
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.
Redman has been an active member of the cryptocurrency community since 2011.He has a passion for Bitcoin, open-source code, and decentralized applications.Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge.The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to date.Ethereum’s Negative Annual Issuance and Unlocked Ether in March Could Shift Equilibrium Statistics from the analytics website ultrasound.money show that the Ethereum network is deflationary these days.More than 1.023 million ether is removed from circulation annually, according to metrics following the London hard fork’s implementation of EIP-1559.Since the transition from proof-of-work (PoW) to proof-of-stake (PoS) known as The Merge, the current annual issuance rate is negative 0.057% or -29,797 ether.The data shows that more ethereum (ETH) is currently being removed from circulation than is being issued.If Ethereum were still using PoW, the issuance rate would increase by about 3.49% annually.
As of 10:30 a.m.
(ET) on Feb.20, 2023, data indicates that 1,823,678 ethereum tokens would have been added to the number of coins in circulation under PoW consensus.As of 10:55 a.m.(ET) on the same day, approximately 120,491,331 ethereum (ETH) tokens are in circulation.
At that same time, 16,763,815 ether is locked into the Beacon chain contract, and when the Shanghai update occurs in March, many of those coins could be released from their locked state.The locked ether represents $28.61 billion of the second-largest cryptocurrency’s $205.77 billion market valuation, or 13.91% of the circulating supply and market value.
According to statistics from ultrasound.money, Ethereum’s current annual issuance rewards are 4.1%, and the burn rate for non-stakers is 1.8% per year.Tags in this story Altcoins, Annual Issuance Rate, Beacon Chain, Blockchain, Burn Rate, Change, circulating supply, crypto assets, Cryptocurrency, Cryptography, Decentralized, deflation, deflationary, EIP-1559, ETH issuance rate, Ethereum, future, inflation, inflation rate, issuance, issuance rate, Locked Ether, London Hard Fork, Market Valuation, merge, metrics, Non-Stakers, PoS, PoW, Proof of Work, Proof-of-Stake, Rewards, Shanghai Update, Smart Contracts, The Merge, Tokens, Ultra Sound Money, ultrasound money What do you think the future holds for Ethereum’s issuance rate and circulating supply as the network continues to transition to proof-of-stake and implement updates like the upcoming Shanghai update? Share your thoughts in the comments section below.Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.Redman has been an active member of the cryptocurrency community since 2011.He has a passion for Bitcoin, open-source code, and decentralized applications.Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: ultrasound.money Disclaimer: This article is for informational purposes only.
It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Altcoin Development Helium Network Migration To Solana Blockchain In March Drives Significant Gains For SOL And HNT Tokens Over the past seven days, the crypto asset solana has increased more than 23% against the U.S.dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27.Helium Network’s native token, helium, has also risen, jumping 25% over the past week against the greenback.Core Helium Devs Reveal Network Migration Date to Move to Solana The Helium Network, a chain dedicated to the internet of things (IoT), plans to migrate with the Solana blockchain network, according to a blog post published by the core devs.
The Helium Foundation has scheduled a migration date after “months of meticulous planning and technical development,” according to the post.The Helium team said the upgrade will take place on March 27, 2023, at 10 a.m.ET.Helium developers say the upgrade will take place over a 24-hour transition and will affect all the network’s wallets, hotspots, and the network state.“The completion of the migration marks a new era for the Helium Network, enabling it to achieve greater scale and truly become a network of networks,” the blog post said.“The Helium community has onboarded nearly 1 million hotspots, and commercial demand for the network is becoming a larger focus.” Both Solana (SOL) and Helium (HNT) tokens have seen a significant rise over the past week, with HNT leading the way.
SOL has increased by 8.5% in the last 24 hours and 23% in the last seven days.On Feb.20, 2023, HNT was up 7.3%, and during the past week, it climbed 25% higher.While SOL is the 12th-largest blockchain network in terms of market valuation, HNT was in the 117th position on Monday.According to the Helium team, after the approval of HIP 70, core programmers have been developing programs for the Solana network, such as new “governance tools on Realms,” the implementation of PoC Oracles, the establishment of “Open LNS and Data Transfer Accounting Oracles,” and loading the Helium account state data to the Solana Devnet.Core developers from Helium further explained that a majority of HNT token holders and hotspot owners will “not need to take any action to participate in the upgrade.” Tags in this story Altcoin Development, Altcoins, Blockchain, Blockchain network, blockchain technology, commercial demand, Core Developers, crypto assets, Cryptocurrency, cryptocurrency market, Data Transfer Accounting Oracles, Digital Currency, digital wallets, Finance, Governance, Helium Network, hotspots, Internet of Things, investment, IoT, LNS, Market Valuation, Migration, network of networks, network scalability, network transition, network upgrade, PoC Oracles, Solana, technical development, Token, token holders What are your thoughts on the Helium Network’s migration to the Solana blockchain? Let us know what you think about this subject in the comments section below.
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.Redman has been an active member of the cryptocurrency community since 2011.He has a passion for Bitcoin, open-source code, and decentralized applications.Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Top posts Analysis2 hours ago Biggest Movers: DOGE, SHIB Fall To Lowest Levels Since January Dogecoin dropped to its lowest level since January, as a red wave swept through cryptocurrency markets.
The Silvergate bank based…Altcoins4 hours ago Ebb And Flow Of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has…Analysis6 hours ago Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit Multi-Week Low, As Silvergate Uncertainty Spooks Markets Bitcoin dropped to a two-week low on Friday, as crypto markets continued to react to the uncertainty surrounding Silvergate.
The…BitKeep7 hours ago Ride With BitKeep And Seize The Opportunity As Arbitrum Argonaut Makes Waves press release PRESS RELEASE.
How to participate in the Arbitrum ecosystem as Layer 2 continues gaining traction? The Ethereum’s Layer…Analysis8 hours ago Why ETH selling pressure is unlikely to increase after Shanghai upgrade: CryptoQuant Why ETH selling pressure is unlikely to increase after Shanghai upgrade: CryptoQuant Monika Ghosh · 10 mins ago · 1…
CEL8 hours ago Celsius custody customers begin withdrawing funds, details inside Celsius has resumed withdrawals for customers with Custody Accounts.The withdrawals have opened 263 days after they were suspended in…
https://news.btcminingvolt.io/analysis/crypto-market-cap-drops-51-billion-as-silvergate-crisis-deepens/ Crypto market cap drops $51 billion as Silvergate crisis deepens Crypto market cap drops $51 billion as Silvergate crisis deepens Samuel Wan · 49 mins ago · 2 min read…Binance.us8 hours ago Judge questions SEC’s objection to Voyager-Binance.US deal The U.S.bankruptcy judge overseeing the Voyager case has chastised the SEC for its reasoning.The regulatory bodies are investigating…Bitcoin9 hours ago $200M of Bitcoin long liquidations as BTC drops to $22k Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy.CryptoSlate has no affiliation or…
Argentina9 hours ago Spanish Tax Agency Puts Crypto In Its Sights For The Upcoming Tax Season The Spanish tax agency has included crypto as part of its new guidelines for this year’s upcoming tax collection season….Press release10 hours ago Primesoft Is Featured In The Federal Reserve’s FedNowSM Service Provider Showcase 23/02/2023 – Primesoft is proud to be featured in the Federal Reserve’s FedNow Service Provider Showcase, an online resource designed…Crypto news10 hours ago Crypto Headwinds May Pile Up- Markets to Face Another Sell-off Soon! The crypto space is falling down! Yes, you heard it right! The Bitcoin price was once again subjected to massive…altcoin11 hours ago SNX fails to push past $3 wall despite Synthetix V3 mainnet milestone SNX hits a brick wall in its attempts to push to a new 2023 high.Short sellers should exercise caution…
Cryptocurrency11 hours ago These Two Catalysts Can Crash the Crypto Market This Month! The crypto market has recorded bearish sentiment in the past 24 hours, with Bitcoin and Ethereum prices down 5 percent….https://news.btcminingvolt.io/news/ripple-ceo-warns-of-crypto-industry-damage-if-sec-lawsuit-continues/ Ripple CEO Warns of Crypto Industry Damage if SEC Lawsuit Continues The United States Securities and Exchange Commission (SEC) is facing backlash from Ripple CEO Brad Garlinghouse over the regulatory body’s…Big Eyes Coin11 hours ago Big Eyes Coin Loot Boxes Bringing BIG 5000% Bonuses, As Dogecoin And Shiba Inu Slump Calling all cat lovers! If you’re sick of all these doge-themed cryptos, you’re in luck! Observe, kitty lovers! Do…Investments11 hours ago REPUBLIK raises $3.5M in seed funding, raising valuation to $75M REPUBLIK raises $3.5M in seed funding, raising valuation to $75M Zeynep Geylan · 4 hours ago · 1 min read…Crypto regulation11 hours ago HSBC, Nationwide to restrict crypto purchases with credit cards HSBC Holdings and Nationwide Building Society in the UK have banned retail customers from purchasing crypto with credit cards.
Both…Trending – Auto-Conversion1 week ago Binance Increases USDC Holdings As BUSD’s Market Cap Slides Lower – Cryptocurrency4 days ago Uncovering Voyager Digital’s $121 Million Crypto Sell-off – Crypto news1 week ago Coinbase in the Crosshairs: SEC Set to Strike Next in Cryptocurrency Crackdown – altcoin1 week ago AXS rises despite Axie Infinity’s declining player count, details inside – altcoin3 days ago BNB GameFi space declines despite increased popularity – Exploring why – altcoin1 week ago APE meanders despite BAYC and MAYC’s growth, here’s why – Crypto news3 days ago SEC Cracks Down on Robinhood Crypto! Could Your Favorite Coins Be Delisted? – altcoin1 week ago FLOKI beats BTC and SHIB in Binance’s list: Decrypting the memecoin’s rise []https://news.btcminingvolt.io/uncategorized/binance-increases-usdc-holdings-as-busds-market-cap-slides-lower/ []https://news.btcminingvolt.io/news/uncovering-voyager-digitals-121-million-crypto-sell-off/ []https://news.btcminingvolt.io/news/coinbase-in-the-crosshairs-sec-set-to-strike-next-in-cryptocurrency-crackdown/ []https://news.btcminingvolt.io/news/axs-rises-despite-axie-infinitys-declining-player-count-details-inside/ []https://news.btcminingvolt.io/news/bnb-gamefi-space-declines-despite-increased-popularity-exploring-why/ []https://news.btcminingvolt.io/news/ape-meanders-despite-bayc-and-maycs-growth-heres-why/ []https://news.btcminingvolt.io/news/sec-cracks-down-on-robinhood-crypto-could-your-favorite-coins-be-delisted/ []https://news.btcminingvolt.io/news/floki-beats-btc-and-shib-in-binances-list-decrypting-the-memecoins-rise/.
