USDT cements leadership with 72% hold on stablecoin market

2023-11-24 12:45

Quick Take

The stablecoin market is witnessing an undeniable dominance by Tether (USDT), which currently holds an impressive 72% market share, a feat not seen since early 2021. This dominance is not a resurgence but a continued demonstration of Tether’s unwavering dominance, which has historically allowed it to outperform other stablecoins in circulation.

While the influence of its closest competitor, USDC, is dwindling below 20% dominance, USDT has reached a new milestone with a circulating supply of 88.5 billion.

Graph showing the aggregate supply dominance of stablecoins from August 2020 to November 2023 (Source: Glassnode)

A closer look at this supply reveals it’s distributed across multiple blockchains, with 48 billion on Tron and 40 billion on Ethereum.

Graph showing the supply of USDT across blockchains from November 2022 to November 2023 (Source: The Block)

The post USDT cements leadership with 72% hold on stablecoin market appeared first on CryptoSlate.

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 dominance tether usdt stablecoin demonstration continued

Источник: cryptoslate.com

market dominance → Результатов: 126


How Bitcoin dominance could retrace and trigger an altcoin bull market

In 2019, Bitcoin decoupled from the rest of the crypto market, with its dominance rising to 70 percent for the first time since December 2017. Will the trend continue, or will the pioneer cryptocurrency reach an exhaustion point that triggers a renewed “altseason?” Market dominance Bitcoin’s rise to dominate began in December of 2018.

2019-8-16 07:56


New Crypto Market Research Reveals True Bitcoin (BTC) Dominance Could Be 80% with Liquidity Metric

The metrics of Bitcoin are complicated, but there are a few factors that any investor understands – price, circulating supply, and market cap. Market dominance is a little more complex, but it is just the percentage of the total market cap of all cryptocurrencies with how much of the portion BTC holds. However, Bitcoinist recently […]

2019-3-23 07:14


Фото:

Bitcoin Price Analysis: New High Paves Potential Reversal Setup

After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bears:Figure 1: BTC-USD, 4-Hour Candles, New HighOur current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind.

2019-3-9 02:08


Bitcoin Weekly Price Analysis: BTC/USD Recovery Spark in Store as Crypto Market Starts to Heat Up

General Market Overview Market Cap: $121,807,021,428 • 24h Vol: $24,759,467,157 • BTC Dominance: 52.9% From Monday when the evaluation of the cryptocurrency market cap has been around $113,5 billion and has mostly hovered around those levels until Wednesday when it fell to the horizontal support at around $111,5 billion. As the evaluation interacted with the […]

2019-2-9 21:45


Фото:

Bitcoin Dominance Upswing As Investors Go Cautious

One of the side effects of a sudden market downturn is a sudden increase in Bitcoin dominance, as investors see BTC as a more stable store of value than other coins. Bitcoin almost slipped to under half the total share of the market before yesterday, but thanks to the  Christmas Crash the BTC  share has now started rising […] The post Bitcoin Dominance Upswing As Investors Go Cautious appeared first on Crypto Briefing.

2018-12-26 17:35


New Stablecoins War and Index Platforms Are Tracking Major Market Fiat-Pegged Crypto Assets

New and Upcoming Platforms Are Tracking Major Market Based Stablecoins Over the past few months of 2018, we have seen the inclusion of a large number of coins, more importantly, we see the arrival of challengers to the otherwise greater level of dominance to the otherwise leading stablecoin in the market. This, of course, would […]

2018-12-13 06:50


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Hong Kong lawmaker advocates including Bitcoin in national reserves

Hong Kong lawmaker Wu Jie has urged the city-state’s government to consider integrating Bitcoin into its fiscal reserves, a local media outlet reported. The report showed that Wu proposed that the Hong Kong Special Administrative Region (SAR) explore the inclusion of cryptocurrencies in its fiscal reserves and leverage foreign exchange funds to acquire and hold […] The post Hong Kong lawmaker advocates including Bitcoin in national reserves appeared first on CryptoSlate.

Hong Kong gives conditional licenses to four crypto exchanges

The Hong Kong Securities and Futures Commission has granted conditional licenses to four virtual asset trading platforms.  The platforms — Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology — must meet specific regulatory conditions…