DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap

DeFi Traders Push Terra’s UST Stablecoin to B Market Cap
The Terra blockchain’s fast growing stablecoin UST, which surpassed its rival DAI to become the largest decentralized stablecoin, has how attained another milestone: a market capitalization of $10 billion.According to the crypto pricing site CoinGecko, the UST market cap pushed past $10 billion on Sunday. As recently as the beginning of 2021, the market capitalization was under $200 million.Earlier in December, UST overtook rival MakerDao’s decentralized stablecoin DAI, whose market capitalization currently sits around $9.4 billion. And DAI has been live since 2017.The fast growth in UST comes as the Terra blockchain has become a major player in the decentralized…