温馨提示:本站仅提供公开网络链接索引服务,不存储、不篡改任何第三方内容,所有内容版权归原作者所有
AI智能索引来源:http://www.bee.com/ko/25698.html
点击访问原文链接

The “stability” and “instability” of stablecoins in 2024 | Bee Network

The “stability” and “instability” of stablecoins in 2024 | Bee Network Login 인기 뉴스 밈 런치패드 AI 에이전트 DeSci 탑체인 익스플로러 뉴비의 경우 100x 코인 꿀벌 게임 필수 웹사이트 필수 앱 암호화폐 유명인 드핀 루키 에센셜 함정 탐지기 기본 도구 고급 웹사이트 교환 NFT 도구 안녕, 로그아웃 웹3 유니버스 계략 DApp 꿀벌 하이브 성장하는 플랫폼 기원 후 찾다 영어 코인 충전 로그인 다운로드 웹3 유니 계략 DApp 꿀벌 하이브 기원 후 분석•본문 2024년 스테이블코인의 '안정성'과 '불안정성'분석1년 전(2024년)업데이트와이엇 42,5651 22 원저자: 코인게코

원래 번역: Vernacular blockchain

Stablecoins are a type of token that anchors its value to other assets (such as commodities or fiat currencies) to stabilize its price. By maintaining a peg to a specific fiat currency, asset, or commodity, most stablecoins act as a bridge between real-world assets and cryptocurrencies, mapping these assets to the blockchain in the form of tokens.

Since 2014, companies like Tether and Circle have issued tokenized currencies backed by real-world financial assets, such as bank deposits and short-term bills. Through these companies, users can enter the cryptocurrency space directly by converting real-world deposits into newly minted stablecoins. Conversely, they can also exchange stablecoins back to fiat currency.

However, not all stablecoins are fully backed by real-world tangible assets. Decentralized stablecoins, such as DAI and AMPL, maintain their pegs through mechanisms such as overcollateralizing crypto assets or adjusting supply (rebasing), which allows stablecoins to be minted without a centralized entity while maintaining their peg.

The true value of a stablecoin lies in its ability to maintain its peg at all times, even during market volatility. Unfortunately, many stablecoins fail this test. In this report, we cover the types of stablecoins, total market capitalization, number of transactions, and emerging stablecoin models.

Five key takeaways from CoinGecko’s 2024 State of Stablecoins report:

Fiat-backed stablecoin market cap surges to $161.2 billion in 2024, but remains below 2021 peak of $181.7 billion Despite growth in the fiat-backed stablecoin market in 2024, with a total market cap of $161.2 billion, this figure still fails to surpass 2021s all-time high of $181.7 billion.

Commodity-backed stablecoins grew 18.1% in 2024 to $1.3 billion, only 0.8% of fiat-backed stablecoins Commodity-backed stablecoins have grown, but their scale is relatively small, with a market value of only $1.3 billion in 2024, accounting for 0.8% of the total market value of fiat-backed stablecoins.

Stablecoins account for 8.2% of the total market value of the global crypto market, and their dominance increases during market weakness. Stablecoins account for 8.2% of the global crypto market, and their market dominance further increases, especially during market weakness.

8.7 million addresses hold stablecoins, of which 97.1% hold USDT, USDC or DAI. Most stablecoin holders are mainly concentrated in USDT, USDC and DAI, with about 97.1% of addresses holding these three types of stablecoins.

Stablecoins continue to have difficulty maintaining the stability of their pegs, especially during uncertain times Although stablecoins are designed to maintain the price to which they are pegged, many stablecoins continue to face challenges in maintaining stability during periods of market volatility and uncertainty.

The total market capitalization of the top ten fiat-pegged stablecoins has grown significantly since 2020. During the 2020-2021 bull run, the total market value surged 3121.7% from $5 billion at the beginning of 2020 to $181.7 billion in March 2022. With the collapse of Terra and its UST stablecoin, the stablecoin market value fell for a time, but reversed in November 2023. As of August 2024, the total market capitalization of fiat-pegged stablecoins has increased by 35.4%, from $119.1 billion to $161.2 billion.

The top three USD stablecoins – Tether (USDT) with a market value of $114.4 billion, USDC with a market value of $33.3 billion, and Dai (DAI) with a market value of $5.3 billion, account for 94% of the total stablecoin market value. At the same time, USDTs market share has consolidated to 70.3%, while USDCs market share has continued to decline since the US banking crisis in March 2023. Stablecoins anchored to other currencies (such as the euro, yen, and Singapore dollar) account for only 0.2% of the market share.

1. Commodity-backed stablecoins grow 18.1% in 2024 to $1.3 billion, accounting for only 0.8% of fiat-backed stablecoins As of August 1, 2024, commodity-backed stablecoins have a market cap of $1.3 billion. Despite new entrants such as Kinesis and VeraOne, Tether Gold (XAUT) and PAX Gold (PAXG) still account for 78% of this market cap. Although commodity-backed stablecoins have grown 212x since 2020 and 18.1% in 2024, they only account for 0.8% of the fiat-backed stablecoin market cap.

Precious metals are the preferred backing commodity for these stablecoins, but other commodity-backed stablecoins have been launched in recent years. The Uranium 308 project launched a stablecoin pegged to the price of a pound of U 308 uranium compound, but the project is now defunct.

2. Stablecoins account for 8.2% of the total global crypto market capitalization, and their dominance has further increased during market weakness As of August 1, 2024, stablecoins account for 8.2% of the total market value of the global crypto market. At the beginning of 2020, stablecoins accounted for a very small proportion of the crypto industry, accounting for only about 2% of the total global market value, but reached a peak of 6% at the beginning of the rise of DeFi.

Stablecoin dominance rose rapidly between November 2021 and May 2022, primarily due to the exponential growth of Terra’s UST stablecoin, which saw its market share rise from 4.8% to 15.6%. However, after the UST crash, stablecoin market share fell sharply, then quickly recovered to a high of 18.4% as investors sought stability in the bear market.

3. Stablecoins account for 8.2% of the total global crypto market capitalization and their dominance increases during market weakness

As of August 1, 2024, stablecoins account for 8.2% of the total market value of the global crypto market. In early 2020, stablecoins accounted for a very small proportion of the crypto industry, accounting for only about 2% of the total global market value, but reached a peak of 6% at the beginning of the DeFi boom.

Stablecoin dominance increased significantly between November 2021 and May 2022, primarily due to the rapid growth of Terra’s UST stablecoin, which saw its market share rise from 4.8% to 15.6%. However, after the UST crash, stablecoin market share fell sharply, but as investors sought stability in the subsequent bear market, market share surged again to a high of 18.4%.

4. 8.7 million addresses hold stablecoins, of which 97.1% hold USDT, USDC or DAI

The top ten stablecoins have a total of 8.7 million holding addresses, of which the top three stablecoins – USDT, USDC and DAI – account for 97.1% of the holding addresses.

USDT has the largest number of addresses, with more than 5.8 million wallets, 2.6 times more than its closest competitor USDC. The remaining eight stablecoins have less than 1 million addresses, and DAI is held by just over 505,000 wallets.

These stablecoins grew rapidly in 2020, but after the collapse of Terra in 2022, growth slowed significantly due to concerns about the solvency of other stablecoins.

5. Stablecoins still have difficulty maintaining the stability of their anchor prices, especially during periods of market uncertainty

In the past, stablecoins have had difficulty maintaining their pegs during periods of volatility. However, established stablecoins like USDT, USDC, and DAI are now better able to maintain their peg to $1. Stablecoins often de-peg during periods of market volatility, such as the March 2023 banking crisis, due to market uncertainty about the security of deposits at Silvergate and Signature banks.

Newer stablecoins, especially some algorithm-backed stablecoins such as USDD, DAI, and FRAX, are more volatile and rely on market arbitrage to maintain their pegs. However, there are also many failed cases, such as Iron Finance and Basis Cash, where these projects failed to successfully maintain their peg prices.

This article is sourced from the internet: The “stability” and “instability” of stablecoins in 2024

관련: Bitget Research Institute: Mt.gox 보상 자산이 계속 매각되고 있으며 단기 시장 상황이 좋지 않습니다. 지난 24시간 동안 시장에 많은 새로운 인기 있는 통화와 주제가 등장했는데, 이는 돈을 벌 수 있는 다음 기회가 될 수 있습니다. 여기에는 다음이 포함됩니다. 비교적 강력한 부 창출 효과가 있는 부문은 다음과 같습니다. 커브 관련 토큰(CRV, CVX), 밈 부문(NEIRO); 사용자별 인기 검색 토큰 및 주제는 다음과 같습니다. Morpho, Aptos; 잠재적 에어드롭 기회는 다음과 같습니다. Symbiotic, Mezo; 데이터 통계 시간: 2024년 8월 2일 4:00(UTC + 0) 1. 시장 환경 미국 ISM 제조업 PMI는 7월에 경제학자들이 예상했던 것보다 훨씬 더 하락하여 금리가 전반적으로 수개월 만에 최저치로 떨어졌습니다. 또한 미국에서 처음 실업 수당을 신청한 수가 약 1년 만에 최고 수준으로 뛰었습니다. 이러한 데이터를 종합하면 미국이 위기에 처해 있다는 것을 더욱 확인할 수 있습니다.

# 분석# 토큰© 版权声명배열 上一篇 데이터는 현재의 시장 상황을 해석해줍니다. 미래에 가격이 상승할지, 하락할지? 下一篇 FAT 어워드 2024의 호화로운 게스트 라인업이 발표되었으며, 놓치지 말아야 할 흥분입니다. 상关文章 Popular Interactive Events | Push Chain Testnet Tasks; Pi Squared Adds New Points-Based Tasks (November 26) 6086cf14eb90bc67ca4fc62b 17,388 2 Crypto Stock Barometer丨 Strategy invested $90 million last week to purchase 1,142 Bitcoins; Bitmine increased its holdings by 40,613 ETH last week (February 10th) 6086cf14eb90bc67ca4fc62b 7,522 NAKA’s stock price plummeted 54% in one day. Is the market tired of DAT? 6086cf14eb90bc67ca4fc62b 20,699 1 Cardano redefines itself with a $71 million governance reform experimentRecommended Articles 6086cf14eb90bc67ca4fc62b 25,132 24H Hot Coins and News | Trump said he has not considered a meeting with Musk; Plasmas $500 million public offering was 6086cf14eb90bc67ca4fc62b 30,305 1 When Big Money Gets Serious, RWA’s Liquidity Issues Come to the Fore 6086cf14eb90bc67ca4fc62b 9,189 댓글 1 개 댓글을 남기시려면 로그인이 필요합니다! 즉시 로그인 1TP7트라나카마르 손님 멋진

1년 전 (2025) Bee.com 세계 최대의 Web3 포털 파트너 코인카프 바이낸스 코인마켓캡 코인게코 코인라이브 갑옷 Bee Network 앱을 다운로드하고 web3 여정을 시작하세요 백지 역할 자주하는 질문 © 2021-2026. 모든 권리 보유. 개인 정보 정책 | 서비스 약관 꿀벌 네트워크 앱 다운로드 Web3 여정을 시작해보세요 세계 최대의 Web3 포털 파트너 CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors 백지 역할 자주하는 질문 © 2021-2026. 모든 권리 보유. 개인 정보 정책 | 서비스 약관 찾다 찾다사이트에온체인사회의소식 熱门推荐 : 에어드롭 헌터 데이터 분석 암호화폐 유명인 함정 탐지기 한국어 English 繁體中文 简体中文 日本語 Tiếng Việt العربية Bahasa Indonesia हिन्दी اردو Русский 한국어

智能索引记录