Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => USDC Forum => Topic started by: Rain075 on February 01, 2021, 10:34:49 PM
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Tether has dominated stablecoin markets for the past three years as the treasury has kept churning them out with a record level of almost 27 billion in USDT circulating now.
The latest figures from CoinMetrics, however, indicate that its market share has dropped below 75% for the first time ever. More stablecoin options are good for the industry in general as reliance on one centralized provider for dollar-pegged assets is never a good idea.
$USDT market dominance in stablecoins is below 75% for the first time ever
On the other hand, $USDC market dominance has grown to its highest ever level of ~15%https://t.co/ovrTyyEpuf pic.twitter.com/a4v6fNRTch
— CoinMetrics.io (@coinmetrics) January 31, 2021
Source (https://cryptonews.net/460196/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)