USDD 2.0 PSM Update

This article introduces a channel that focuses on sharing blockchain projects, popularizing blockchain, decentralized finance (DeFi), NFT, and other areas, and shares various digital currencies, trading analysis, technical analysis, airdrops, and other related content. The article focuses on mainstream tokens such as Bitcoin and Ethereum, as well as altcoins like Dogecoin and SHIB, and also shares information about various projects, platforms, exchanges, etc.

💫 While US dollar-backed stablecoins hold 90% market share in stablecoin transactions, the share of transactions directly using US dollars is 10%. The usage share of Euro-backed stablecoins is 1.1%.

Stablecoins have expanded more swiftly this year compared to the previous one. Just a week earlier, the stablecoin market was valued at $155.86 billion; today, it stands at $158.67 billion, reflecting a 1.8% increase. In contrast to the broader cryptocurrency market, which experienced a noticeable decline, the dollar-pegged crypto sector demonstrated strong growth. Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation Stablecoin dominance according to defillama.com. The overall value of the stablecoin market increased by approximately $2.81 billion, with $2.2 billion of this growth attributable to tether (USDT). Over the past month, tether’s supply expanded by 5.6%, reaching a current valuation of $109.38 billion. Last week, on April 12, usd coin (USDC) held a market valuation of about $32.02 billion, which has since risen to $33.15 billion. DAI also enjoyed a week of growth, with its market cap increasing from $4.93 billion to $5.12 billion. In contrast, FDUSD experienced a small drop from $3.93 billion on April 12 to $3.58 billion today. Despite this weekly dip, FDUSD’s supply has risen by 23.8% since March 19. Ethena’s USDE has shown no significant changes in supply over the past week, maintaining a stable figure of $2.38 billion. Over the past month, USDD, TUSD, and USDP have all recorded declines. USDD’s supply decreased by 2.7% this month, while TUSD saw a substantial 48.9% reduction over the same period. Paxos’ USDP experienced a 25.2% cut since March 19. Meanwhile, Paypal’s stablecoin, PYUSD, achieved a 6.8% increase this month, boosting its market valuation to $202 million at press time. In the dynamic landscape of the stablecoin market, this week’s growth exemplifies a clear deviation from the broader cryptocurrency trends, with USDT leading the charge. As the market faces fluctuations, stablecoins seem to offer a semblance of stability, albeit with varying supply changes among different tokens.

S450 4 matic 2023 gasoline, has burmester but non-deployable according to the characteristics. Mileage: 9000km Price: 145,000 #usdt Market in Moscow from 18,000,000₽

The U.S. plans to introduce a stablecoin bill, and various types of stablecoins may face regulatory risks. After the collapse of the Terra/UST algorithm stablecoin system, the United States' regulatory attitude towards stablecoins has become increasingly stringent. Recently, there have been reports that the U.S. House of Representatives is brewing a new stablecoin bill, which includes a ban on algorithmic stablecoins similar to TerraUSD (UST). According to the draft bill, the issuance or creation of new "endogenous collateral stablecoins" will be considered illegal. This definition covers stablecoins that can be converted, redeemed, or repurchased at a fixed currency value and rely on other digital assets from the same creator to maintain a fixed price. "Endogenous collateral stablecoins" generally refer to a mechanism for issuing stablecoins using collateral created by the issuer (such as governance tokens). This model may lead to a spiral increase in the price of collateral and the issuance of stablecoins during a bull market, while in a bear market, it may trigger liquidations and death.