Stablecoin's market cap soars to two-year high of $164 billion
Stablecoin's market capitalisation has surged to a two-year high of $164 billion, mainly due to the growth of Tether. Currently, USDT dominates the market with a 70% share, while USDC has a 21% share. Other stablecoins, including DAI, FDUSD and TUSD, have smaller market shares. Despite USDT's overall dominance, DAI and USDC lead in terms of on-chain volume, accounting for 58% and 22% of the total, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
JPMorgan Raises Price Targets for Several Bitcoin Mining Companies
US SEC: Brian Daly Appointed as Head of Investment Management Division
Insiders Invest $1.3 Million to Acquire Company Preferred Shares
Trending news
MoreCrypto prices
More
