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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