Cardano Stablecoin Market Cap Rises 25.8% in 90 Days to $68.3 Million

CRYPTO TODAY

Over 90 days, the market value of stablecoins on Cardano increased 25.8%, reaching $68.3 million, adding…

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CRYPTO TODAY

to dollar-pegged assets that can support transfers, trading and decentralized finance on the network. USD Coin (USDC) accounted for $44.4 million of the total.

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USDM represented $13.5 million, while RealFi's USDrf was $5.1 million. Cardano's decentralized finance (DeFi) total value locked stood at $64.46 million on Oct. 16.

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Stablecoin market capitalization and DeFi value locked measure different parts of the ecosystem, so growth in one does not establish a matching rise in the other.

Photo: outsideclick / Pixabay