The circulating supply of stablecoins has surged dramatically this year — peaking at $150.87 billion — indicating a shift toward stability and risk management among crypto investors. Tether's dominance shines with USDT's supply rising significantly, while USDC also boasted substantial growth thanks to its regulatory compliance. Meanwhile, BUSD and TUSD experienced sharp declines, facing regulatory hurdles and waning interest. This intriguing trend becomes even more fascinating when examining how the Stablecoin Supply Ratio (SSR) might...
Demand for stablecoins grows as market prepares for volatility Demand for stablecoins grows as market prepares for volatility
The rising stablecoin supply represents pent up liquidity ready to be deployed on first signs of volatility.
3 min read
Updated: Jun. 18, 2024 at 2:51 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Tether
$1.00050
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
USD Coin
$0.99989
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
Dai
$1.00016
Dai (DAI) is a cryptocurrency token and operates on the Ethereum platform.
Binance USD
$1.00116
BUSD is a stablecoin issued by Paxos in partnership with Binance..
Ethereum
$3,349.42
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
