UST has surpassed BUSD to become the third largest stablecoin

TerraUSD has surpassed BUSD in market cap, behind USDT and USDC. UST market cap now stands at $17.7 billion, making it the third largest stablecoin by this metric.

In terms of market cap, the TerraUSD (UST) stablecoin, a product of the Luna ecosystem, has surpassed the BUSD as the third largest stablecoin. UST now has a market cap of $17.5 billion, behind only Tether and USD Coin, which have market caps of $82.8 billion and $49.9 billion, respectively.

The UST stablecoin has grown significantly, especially since the beginning of this year. The rise in market capitalization has led to increased exposure to LUNA tokens and UST. However, Terra has been involved in a number of scandals as a result of her exposure.