Terra’s UST Overtakes BUSD To Become 3rd Largest Stablecoin

Terra USD (UST) Overtakes Binance USD (BUSD) To Become 3rd Largest Stablecoin By Market Cap

According to Coingecko, the total market capitalization of UST has increased 15% over the past 30 days to approximately $17.5 billion at the time of writing, and currently makes UST the third largest stablecoin. After overtaking BUSD, its market capitalization dropped slightly to $17.46 billion.

Industry giant Tether (USDT) remains No. 1 at $82.8 billion and USD Coin (USDC) is No. 2 at $50 billion.

But despite BUSD flipping in terms of market capitalization, UST is trading in lower volumes than its competitors, with Binance’s stablecoin trading at $2.26 billion over the past 24 hours, compared to UST’s 431.79 million. dollar

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