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CryptoQuant CEO: South Korean Officials Say 10% of Their Domestic Trade Transactions Use Stablecoin

CryptoQuant CEO: South Korean Officials Say 10% of Their Domestic Trade Transactions Use Stablecoin

Bitget2024/10/31 08:48

On October 31, CryptoQuant CEO Ki Young Ju said in a post on the X platform that South Korean government officials say 10% of South Korean trade transactions use stablecoins.
USDT has a 72% share of the stablecoin market, mainly on the TRON blockchain, probably because it is fast and has lower fees than ETH. Whatever the reason, the market has chosen Tether and TRON, and they have found a product-market fit.

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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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