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Inside stablecoin supply dynamics as TUSD shakes up the market Andjela Radmilac · 9 months ago · 3 min read

Inside stablecoin supply dynamics as TUSD shakes up the market

with insights from

Glassnode

Exploring the significant shift in supply growth in the top 5 largest stablecoins by market cap.

Andjela Radmilac

Aug. 2, 2023 at 6:30 pm UTC

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.

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?...