Stablecoins have had a strong few months. These digital assets aim to maintain a stable value, usually pegged to a currency like the US dollar. In the past 90 days, stablecoins have seen an impressive $16 billion in inflows, showing high demand. The largest stablecoin, Tether (USDT), accounts for most of this growth. Its market […]
Stablecoins like USDT were introduced to address the inherent volatility of cryptocurrencies like Bitcoin and Ether, making them more suitable for various use cases: For Stable Transactions USDT provides a stable value pegged to the US Dollar, making it ideal for everyday transactions, remittances, and payments that require low volatility. USDT is perfect for transactions […]
Introduction In 2018, Circle launched USDC, a stablecoin, to tap into the transformative potential of open blockchain networks. USDC, pegged to the US dollar, fuses the stability and trust of traditional currency with the agility and innovation of the internet. This report delves into the macro perspective of the USDC economy, highlighting its global reach, […]
According to recent statistics, the market value of the stablecoin economy has shrunk by about 2.02% over the last 30 days. The stablecoin economy had a value of $147.03 billion on October 31, 2022, but it is now only worth $144.05 billion. Additionally, the market value of every stablecoin currently in use is considerably lower […]
USD Coin (USDC) is a stablecoin pegged to the US dollar, meaning that it performs exactly how the dollar does. The stablecoin, launched in September 2018, is a joint project between Circle and crypto giant Coinbase. USDC is an alternative to other USD-pegged stablecoins like Tether (USDT) and TrueUSD (TUSD). In summary, USD Coin is […]
