web portal, there’s $78.5 billion assets under management. Metrics indicate that tether represents 3.35% of the $2.33 trillion crypto economy today and 46% of the $168.3 billion stablecoin economy.
Tether has seen massive growth during its lifetime. For instance, on September 13, 2015, tether’s market capitalization was $451,600 and the jump to $78.2 billion is a whopping 17,327,227% increase in just over six years. The only stablecoin with a comparable market valuation is usd coin with $42.1 billion, up 9.7% since last month. USDC represents 1.8% of the $2.33 trillion market cap and is around 52.68% or just over half the size of tether’s market valuation.
The two stablecoins combined represent 71.82% of the entire stablecoin economy and roughly 5.15% of the $2.33 trillion crypto economy. Four stablecoin protocols in the top ten positions of stablecoin market valuations, have increased between 12.9% to 42.9%. BUSD issued by Binance jumped 12.9%, Terra’s UST spiked 34.2%, MIM increased by 30.9% and FRAX swelled by 42.9%.
Tether’s overall valuation is 39% larger than BUSD, UST, MIM, and FRAX combined. Besides being the largest stablecoin in existence today issued across several blockchains, Tether commands the most trade volume as well. Tether’s 24 hour volume is more than
USDT is the most stable and convenient, can be exchanged into any currency, and there are many ways to make profits.
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It is easier to store in Tether. Every exchange and every wallet supports it.
WOW These are huge numbers. But we won't deny that Tether is used in 75% of transactions and actions
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That's why I like Tether. I hodl this great stablecoin.
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