As the crypto market ebbs and flows, so do stablecoin supplies. USDT and TUSD have emerged as 2022's market leaders, with both reaching all-time highs in supply. TUSD's remarkable growth of nearly 300% since January signals a significant shift in the stablecoin landscape... Meanwhile, other major stablecoins like USDC and DAI experienced sharp drops, with the former even briefly de-pegging. The dynamics of these shifts and what they mean for investor sentiment and market health are critical to understand. But why have USDT and TUSD surged while others have plummeted, and what does this mean for the future of the crypto market?...
Inside stablecoin supply dynamics as TUSD shakes up the market Inside stablecoin supply dynamics as TUSD shakes up the market
Exploring the significant shift in supply growth in the top 5 largest stablecoins by market cap.
3 min read
Updated: Aug. 2, 2023 at 1:10 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
Dai
$1.00014
Dai (DAI) is a cryptocurrency token and operates on the Ethereum platform.
USD Coin
$0.99986
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
Binance USD
$1.00153
BUSD is a stablecoin issued by Paxos in partnership with Binance..
