For most cryptocurrency enthusiasts, Bitcoin and Ethereum dominate the conversation. But let's not forget about stablecoins, a crucial yet often overlooked market force. In March 2022, the combined market cap of the top five stablecoins peaked at a staggering $162.8 billion, a threefold increase from the previous year. A closer look reveals intriguing fluctuations, with Tether (USDT) and TrueUSD (TUSD) seeing significant growth, while others such as BUSD and USDC dwindled... What’s behind these market shifts? And what does it mean for the future of stablecoins and the broader crypto landscape? Dive in to find out...
A closer look at the changes in stablecoin supply as TUSD gains on market
Tether and TrueUSD flourished, while BUSD and USDC faced sizeable reductions this year.
Bitcoin’s illiquid supply hits 10-year high, signaling strong investor conviction
USDT Tether supply edges toward 90 billion with potential influence on Bitcoin prices
Tether Limited is the company that introduced Tether (USD₮ or USDT), an asset-backed cryptocurrency stablecoin, in 2014.More about Tether Limited Info Twitter LinkedIn
Circle Internet Financial Ltd is a global internet finance company, built on blockchain technology and powered by crypto assets.More about Circle Info Twitter