{"id":73126,"date":"2023-01-26T18:06:53","date_gmt":"2023-01-26T16:06:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73126"},"modified":"2025-09-09T12:22:16","modified_gmt":"2025-09-09T09:22:16","slug":"study-finds-market-share-of-algorithmic-stablecoins-fell-tenfold","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/study-finds-market-share-of-algorithmic-stablecoins-fell-tenfold\/","title":{"rendered":"Study finds market share of algorithmic stablecoins fell tenfold"},"content":{"rendered":"

The share of algorithmic stablecoins<\/a> in the ‘stablecoins’ segment plummeted from 12.4% just before the TerraUSD crash<\/a> in April 2022 to the current 1.71%. Such estimates were provided by CryptoCompare<\/a>.<\/p>\n

\\\"image-88\\\"
Data: CryptoCompare.<\/figcaption><\/figure>\n

At the peak, UST accounted for 79.8% of the algorithmic-stablecoin market.<\/p>\n

Overall, the market capitalisation of ‘stablecoins’ has declined for the tenth consecutive month. In December 2022, centralized platforms recorded outflows of $3.65 billion. Experts linked it to concerns about Binance’s solvency<\/a>.<\/p>\n

\\\"image-87\\\"
Data: CryptoCompare.<\/figcaption><\/figure>\n
\n

\u201cThe decline in stablecoin dominance indicates that market participants are converting funds into riskier assets,\u201d explained the analysts.<\/em><\/p>\n<\/blockquote>\n

USDT retains a leading position with a market share of 48.7% \u2014 a peak not seen since October 2021. The asset\u2019s market capitalization stands at $66.7 billion (up 0.82%), followed by USDC and BUSD with $43.1 billion (-2.27%) and $16.1 billion (-3.97%), respectively.<\/p>\n

\\\"image-89\\\"
Data: CryptoCompare.<\/figcaption><\/figure>\n

In the study, experts also touched on the \u201cstablecoin war\u201d after Coinbase introduced in December 2022 zero-fee transfers for transferring Tether to USDC<\/a>. Prior to that, Binance rolled out automatic conversion of USDC, USDP and TrueUSD into BUSD<\/a>.<\/p>\n

Earlier, Bank of America researchers recognized<\/a> in digital currencies, CBDC<\/a> and stablecoins the natural evolution of money and payments. A similar view was also presented<\/a> by Visa CEO Alfred Kelly.<\/p>\n

Telegram<\/a> \u2014 Read ForkLog’s Bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

The share{{AOPEN_1}} of algorithmic stablecoins{{ACLOSE_1}} in the ‘stablecoins’ segment plummeted from 12.4% just before the TerraUSD crash in April 2022 to the current 1.71%. Such estimates were provided by CryptoCompare.<\/p>\n","protected":false},"author":1,"featured_media":73127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[775,167,807],"class_list":["post-73126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocompare","tag-research","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=73126"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73126\/revisions"}],"predecessor-version":[{"id":73128,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73126\/revisions\/73128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/73127"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=73126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=73126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=73126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}