Stablecoin Trading Dominates Mondays Crypto Market, Tether and BUSD Sell at Premiums – Market Updates Bitcoin News
Bitcoin Crypto El comercio de Stablecoin domina el criptomercado del lunes, Tether y BUSD venden en primas – Actualizaciones del mercado Bitcoin Noticias Hace 5 minutos Noticias de Bitcoin Ethereum On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several stablecoins, including tether and BUSD, sold at premiums. Tether reached a high of $1.04 per unit and BUSD rose to $1.03 per coin during the morning trading sessions (ET). Small Handful of Stablecoin Assets Trade for Premiums as USDC Closes $1 Parity Gap On Monday, stablecoins experienced significant trade volumes after USDC had difficulty maintaining its peg to the U.S. dollar over the weekend. This caused five other stablecoins to depeg just below the $1 value. Today, USDC has almost closed the gap and is trading at $0.99 per coin, but traders looking to exchange USDC for tether (USDT), binance usd (BUSD), or another stablecoin may have to pay a premium. According to Gemini charts, USDT jumped above the $1.04 mark and traded for a few cents higher on Monday. Currently, tether (USDT) is trading at two cents above the