Tether asserts almost 75% dominance in stablecoin market

2024-5-31 01:28

Quick Take

According to Glassnode data, the stablecoin market continues to grow, with the combined market capitalization of the top five stablecoins surpassing $150 billion.

Leading the pack is Tether (USDT), which alone boasts a market cap of $112 billion — solidifying its dominance with nearly 75% market share, a level not seen since January 2021. Tether’s significant holdings in US Treasuries highlight its crucial role in the acquisition of US debt.

Stablecoins: Aggregate Supplies: (Source: Glassnode)

Glassnode data shows that USDC, the second-largest stablecoin, has a market cap of $32.2 billion. However, its market share has declined from a peak of almost 38% in July 2022 to 22% currently.  This shift indicates changing trends within the stablecoin ecosystem, as investors show a growing preference for USDT.

Following USDC, DAI holds a market cap of $5.3 billion, maintaining its position as a reliable decentralized stablecoin. TrueUSD (TUSD) and Binance USD (BUSD) round out the top five with market caps of $503 million and $70 million, respectively.

Stablecoin: Supply Dominance: (Source: Glassnode)

The expanding market cap of these stablecoins highlights their increasing importance in the digital asset economy, providing liquidity in the market. As Tether’s dominance grows, its influence on the broader financial landscape, especially in terms of US debt acquisition, becomes ever more significant.

The post Tether asserts almost 75% dominance in stablecoin market appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market stablecoin tether dominance billion almost asserts

Источник: cryptoslate.com

market stablecoin → Результатов: 126


Is stablecoin growth accelerating call for hyperbitcoinization in the market?

The 12 March market crash resulted in stablecoins surging, both in terms of supply and market share. The world's largest stablecoin by market cap, Tether (USDT), has maintained its 4th position on CoiThe post Is stablecoin growth accelerating call for hyperbitcoinization in the market? appeared first on AMBCrypto.

2020-4-25 15:30


Фото:

Stablecoin Market Caps Swell Over $7 Billion – Volumes Surpass Most Trading Pairs

While most digital assets have been suffering, stablecoins have been surging since the market downturn in mid-March and tether (USDT) is capturing more than 70% of BTC trades today. Besides tether, a wide range of other dollar-pegged cryptocurrencies have also benefited this month, as the market valuation of eight different stablecoins combined is well over […] The post Stablecoin Market Caps Swell Over $7 Billion – Volumes Surpass Most Trading Pairs appeared first on Bitcoin News.

2020-3-31 02:30


Фото:

Coinbase’s USDC Stablecoin Racing to Catch USDT’s Market Cap

Stablecoins have become an important aspect of the cryptocurrency space, and have also become big business with some of the prominent names in the space launching their own iterations. However, even with Coinbase, Binance, and PAX all launching a stablecoin in the last couple of years one stablecoin is still hugely dominant in this sector […] The post Coinbase’s USDC Stablecoin Racing to Catch USDT’s Market Cap appeared first on BeInCrypto.

2020-3-4 20:10


Tether blockchain integrates AML compliance solution from Chainalysis

Chainalysis, the blockchain analysis company, today announced the integration of its compliance solution for Tether, the largest stablecoin blockchain platform by market capitalization. Chainalysis Know Your Transaction (KYT) for token issuers is a real-time anti-money laundering (AML) compliance solution for monitoring a token’s full lifecycle, from issuance to redemption.

2020-2-13 15:05


Pornhub adds support for Tether following PayPal’s ban last year

Pornhub, a leading adult entertainment website, recently began supporting a new cryptocurrency payment method after PayPal ended support for the company’s models last year. Pornhub’s management notes that it will now accept major stablecoin Tether, which maintains a one-to-one peg with the US dollar and currently has a market capitalization of over $4.

2020-1-23 19:06


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Texas lawmaker proposes state-managed Bitcoin reserve for financial stability

Texas lawmakers have introduced a bill to establish a state-managed Bitcoin reserve, aiming to explore the potential role of crypto in public finance. Filed on Dec. 13 by Republican Rep. Giovanni Capriglione, the legislation would allow the state to collect taxes, fees, and donations in Bitcoin, with the assets held for at least five years.

Alabama state auditor calls to establish Bitcoin reserve

State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin (BTC) reserve to ensure its continued leadership in crypto adoption. He argued that such a move would diversify the state’s assets, attract crypto-focused businesses, and establish Alabama as a pioneer in the digital asset space.

Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea

Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ Summers said he understands the concept of other commodities’ reserves, such as oil and gold, but argued: “Of all the prices to support, why would the government choose to […] The post Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea appeared first on CryptoSlate.

Trump taps crypto advocate Howard Lutnick as commerce secretary

President-elect Donald Trump announced Howard Lutnick, CEO of financial services firm Cantor Fitzgerald, as his nominee for Secretary of Commerce on Nov. 19. The decision positions Lutnick, a vocal proponent of protectionist trade measures and cryptocurrencies, at the helm of US economic policy, focused on tariffs and trade reform.