HBAR (HEDERA HASHGRAPH) has made great progress in becoming a stablecoin powerhouse. According to Defillama, the popular distributed ledger technology (DLT) using the HBAR network has an excellent number in the Stablecoin field, and this niche limit has increased $ 177.7 million in seven days.
HBAR activity will open 2,150%with USDC support.
Among them, Circle USD (USDC) appeared as the biggest start and gained 2,150%of the same period. The US government is pursuing a comprehensive stable stable law, and the European Union has already implemented MICA regulations, but USDC is one of the most compliance.
In the Hedera Network, USDC recorded a very high dominance of 99.87%, while the chain commission recorded $ 1,137 to strengthen Hedera’s total value lock (TVL) to $ 22.63 million. As the cross chain border is opened for Stablecoins, the USDC can replace the US dollar (USD) first.
Hedera’s influence on HBAR prices
Meanwhile, HEDERA’s trading volume statistics have reached $ 224.12 million over the last 24 hours, and since yesterday, HBAR trading volume has increased by 52%. HBAR PRICE earned 4.4%of the company’s $ 83 billion market capitalization, recovering a major support level of $ 0.20 after a week of confusion.
In fact, when a big thing comes, you can violate the market cap of $ 10 billion. Considering the HBAR price audit, Altcoin has been rejected twice this year with a $ 0.37 barrier, but HBAR BULLS will finally try to deal with ATH (ATH) that has not been touched for a long time through this threshold.
on the other way
- HEDERA’s $ 0.56 record peak was hit three years ago, but the market cap of the network was quite thinner at $ 66 billion in 2021.
Why this is important
The Stablecoin law has a boundary where merchants can freely choose between Fiat and digital currency. Border payment systems, such as Swift, are surrounded by a $ 150 trillion market cap, which is about 50 times larger than the current CAP of encryption.
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