April 23, 2024

Payments with Tether stablecoin last year amounted to $ 212 billion

The total value of payments by USDT stablecoins from Tether for the whole of last year amounted to $212 billion, according toTheBlock

The chart below shows that the largest increase in the volume of USDT transactions occurred in the first half of 2019:

Payments with Tether stablecoin last year amounted to $ 212 billion

</p>

USDT is still the most popularstablecoin, occupying about 85% of this market segment. According to the Tether website, the most “stable coins issued on the Ethereum blockchain, their value is $ 5.7 billion.

The offer of Tether coins based on the Omni protocol has decreased by 14% since the beginning of the year, the number of tokens on the Ethereum and Tron blockchains has increased by 151% and 118%, respectively.

The total capitalization of USDT currently exceeds $ 9 billion.

Recall that in early May, the total market supply of stablecoins exceeded $ 10 billion.