• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Tether (USDT) accounts for practically 50% of the stablecoin industry share

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Solana up 7% despite market decline: What's next for SOL?

Solana up seven% regardless of industry decline: What&#39s up coming for SOL?

March 16, 2024
Trends and forecasts

XRP: Market evaluation, trends and perspectives for traders

December 17, 2023

When BUSD was in difficulties, Tether all of a sudden grew to become the “safe haven” of the local community. USDT industry share has also elevated to practically 50% of the total section.

Tether (USDT) accounts for practically 50% of the stablecoin industry share

As Coinlive BUSD is reportedly descending into a key crisis immediately after the US government asked Paxos to prevent issuing stablecoin BUSD. The bewildered cryptocurrency local community has started off to depart BUSD, moving to other stablecoins.

And as the oldest steady currency, Tether (USDT) is the most well-liked preference amongst end users. Currently, USDT accounts for practically 50% of the stablecoin industry share, the highest degree considering that December 2021. USDT’s present provide is around $68.four billion.

In 2nd location is the USD coin (USDC) issued by Circle. There are now USDC 41.two billion in circulation, which is 29.eight% of the industry share.

Third is the controversial identify BUSD with eleven.six% industry share.

Market share of stablecoins in excess of the previous three many years. Source: Blockwork

DAI issued by MakerDAO ranks fourth with a present provide of $five.two billion. This quantity is a lot smaller sized than the 3 currencies that are straight pegged to the USD stated over.

Stablecoin Dominance is also a notable indicator. The dominance of stablecoins peaked at practically twenty% at the time of the FTX crash, when coin charges plummeted and individuals “cashed in” to extra steady coins.

So far, following the industry recovery, the Stablecoin Dominance has also progressively decreased to 14.four%.

Bitcoin Dominance, Ethereum Dominance and Stablecoin Dominance in excess of the final three many years. Source: Blockworks

Additionally, Coinlive has an infographic on the margin ratios of the 3 industry-primary stablecoins. You can see extra right here:

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: accountsmarketsharestablecoinTetherUSDT
Share76Tweet47

Related Posts

Coinbase to List Wormhole (W) on Solana Network

by shark
July 2, 2025
0

Coinbase announces Wormhole (W) SPL token listing on Solana, trading expected July 2025.

Ripple’s XRPL EVM Sidechain Goes Live on Mainnet

by shark
July 2, 2025
0

Ripple, alongside Peersyst Technology and Axelar, launches the XRP Ledger EVM sidechain to enhance interoperability across blockchain networks.

Crypto Stocks Surge 119% in 2025, Outpacing Bitcoin

by shark
July 2, 2025
0

Analysis of cryptocurrency stocks surpassing Bitcoin's growth in 2025 due to U.S. regulatory changes.

UniCredit Links Investment Certificate to Bitcoin Trust

by shark
July 2, 2025
0

UniCredit SpA issues a five-year investment certificate linked to BlackRock's iShares Bitcoin Trust, exclusively for professional clients in Italy.

ZachXBT Questions Ripple’s RLUSD Adoption Credibility

by shark
July 2, 2025
0

ZachXBT questions Ripple's RLUSD adoption tactics, raising concerns over credibility and market reactions. The controversy highlights broader implications within the...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Coinbase to List Wormhole (W) on Solana Network
  • Ripple’s XRPL EVM Sidechain Goes Live on Mainnet
  • Crypto Stocks Surge 119% in 2025, Outpacing Bitcoin
  • UniCredit Links Investment Certificate to Bitcoin Trust
  • ZachXBT Questions Ripple’s RLUSD Adoption Credibility
  • DDC Enterprise Raises $528 Million for Bitcoin Treasury
  • Tesla Shares Falter Amid Trump and Musk Conflict
  • Upbit Partners with Naver Pay for KRW Stablecoin
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7