Stablecoins have mostly traded at a slight premium against the U.S. dollar since 2017 – with the exception of Tether.
CryptoQuant – a blockchain analytics firm – has released a report evaluating data around stablecoins and their peg-robustness. It found that holding almost any of the current top stablecoins throughout 2022 was slightly more profitable than holding actual U.S. dollars., the historical mean daily closing price for nearly all top stablecoins is slightly above $1.00, based on volume-weighted price closing data spanning back to 2017.
“For traders, $BUSD seems the best to hold for a long time because of high close prices and fewer drawdowns,”However, the one coin that traded at an overall discount across time was Tether – the largest stablecoin by market cap. Tether has also traded at the highest recorded discount among its competitors – a whopping 4%. Meanwhile, USDC holds an equivalent record for the highest premium at 4%.
Meanwhile, USDT had the lowest robustness of all stablecoins. That means its price deviation from $1.00 is high relative to low redemption flows.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Peyton Manning Doubled Down on 2017 Kevin Durant Joke at ESPYsPeyton Manning couldn’t help but poke fun at Kevin Durant and pay homage to a joke from five years ago
Baca lebih lajut »
Shaq Says 2001 Lakers Would Beat 2017 Warriors2017 Golden State Warriors vs 2001 Los Angeles Lakers In a 7️⃣ game series, who wins? 🤔 🏀:
Baca lebih lajut »
Used Alfa Romeo Stelvio Review - 2017-presentRead the definitive used Alfa Romeo Stelvio 2017 - present review from What Car?. We tell you what you need to know before you buy.
Baca lebih lajut »
Orland Park man pleads guilty to reckless homicide for 2017 Beecher crash that killed pregnant woman and her three sonsSean Woulfe, 30, pleaded guilty to reckless homicide for the crash at Corning Road and Yates Avenue in Washington Township that killed Lindsey Schmidt, who was pregnant at the time, and her three sons.
Baca lebih lajut »
Dallas County Health and Human Services reports first heat-related deathDallas County Health and Human Services has reported the first heat-related death in Dallas of 2022. The patient, a 66-year-old woman, from Dallas, also had underlying health conditions.
Baca lebih lajut »
The best, worst states for teen drivers in 2022: reportWalletHub found the best and worst states for teen drivers this year, based on their safety, economic environment and driving laws. The report found that New York was the best state.
Baca lebih lajut »