A stablecoin's rise in market share has ignited the ‘Second Great Stablecoin War’

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

FTX CEO Sam Bankman-Fried says the “Second Great Stablecoin War” has begun.

could spark the “Second Great Stablecoin War,” given how fast its market cap has surged over recent months.

BUSD’s share of the total stablecoin market has risen from 10.01% on Sept. 7 to 15.48% on Oct. 22, according to crypto data aggregator Coin Metrics. Bankman-Fried noted that the first"Stablecoin War" was fought between five stablecoins in 2018, leading to USDT and USDC as the two leaders.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Users are moving away from scummy USDC, so I guess it's a good thing

Tether is still on the better position

I think “war” is a strong word here. USDT is way ahead of other stables.

The result is here already as for me. USDC balance on exchanges drop continually..

SBF is trying to control crypto! He's not for decentralization! Read his drafted bill! SBF is now on the blacklist! Just ask BitBoy 'Ben' & read his bill when released and see the difference.

Nothing can deter crypto dudes to stay away

i love his name, bankman

reserveprotocol ReserveLodge

🚀Thankss a millon

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Outperformed NFTs, US Stocks in Q3 But Not USD: CoinGecko ReportThe greenback is the only asset class that outperformed the primary cryptocurrency in Q3 2022.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

EUR/USD drops towards 0.9800 as market’s anxiety propels DXY, focus on ECB, US GDPEUR/USD holds lower grounds near 0.9840 while keeping the week-start pullback from a fortnight top during early Monday. In doing so, the major currenc anilpanchal7 L'EUR/USD chute vers 0,9800 alors que l'anxiété du marché propulse DXY, se concentre sur la BCE et le PIB américain
Source: FXStreetNews - 🏆 14. / 72 Read more »