Yesterday, the fastest growing stablecoin (UST) became the third largest stablecoin in the crypto space. From the Terra ecosystem, UST has passed Binance USD (BUSD) with more than $17.5 billion in market capitalization.
1. Tether USDT $82 billion
2. USDC $49 billion
3. UST $17.5 billion
4. Binance BUSD $17.3 billion
Terra Foundation recently announced that it will purchased over time $10 billion worth of Bitcoin (BTC) to back its UST reserves. It's now publishing his reserves online.