The volume of payments using the tether stablecoin last year amounted to $212 billion

in #crypto4 years ago

The total cost of payments with "stable coins" USDT from Tether for the entire last year was $212 billion, according to the Block.

The chart below shows that the largest increase in the volume of USDT transactions occurred in the first half of 2019:
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USDT is still the most popular stablecoin, occupying about 85% of this market segment. According to the Tether website, the most " stable coins issued on the Ethereum blockchain, their value is $5.7 billion.

The supply of tether coins based on the Omni Protocol has decreased by 14% since the beginning of the year, the number of tokens on the Ethereum and Tron blockchains has increased by 151% and 118%, respectively.
The total capitalization of USDT currently exceeds $9 billion.

Recall that in early may, the total market supply of stablecoins exceeded $10 billion.

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