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Changing stablecoin dynamics pique investor interest

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The total stablecoin market cap recorded the 18th straight month of downfall in the month of September, along with fall in trading volumes.

, which made its debut on Binance in July, was the third-largest stablecoin on the exchange by volume in September.Binance has gone all guns in promoting FDUSD, part of which included the popular zero fee trading program covering all the spot pairs., which was launched with much expectation last month. The stablecoin has clearly underperformed and could only secure a market cap of $8.46 million as of 18 September.

That being said, it could still be early to pass judgements, as the report mentioned that PYUSD volumes and market cap could increase as more trading pairs start getting listed across different platforms.

 

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