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CryptoQuant CEO: South Korean officials say 10% of domestic trade transactions use stablecoins

CryptoQuant CEO: South Korean officials say 10% of domestic trade transactions use stablecoins

CointimeCointime2024/10/31 08:44
By:Cointime

 CryptoQuant CEO Ki Young Ju posted on X platform that Korean government officials claimed that 10% of Korean trade transactions use stablecoins. USDT accounts for 72% of the stablecoin market, mainly on the TRON blockchain, possibly because of its fast speed and lower fees compared to ETH. Whatever the reason, the market has chosen Tether and TRON, and they have found the intersection between their products and the market.

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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.

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