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Tether Dominates Stablecoin Market as Total Value Reaches $138.5 Billion

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On February 14, according to the data of The TIE and CoinGecko, the total market value of stable currency is about 138.5 billion US dollars, Tether\’s market sh…

Tether Dominates Stablecoin Market as Total Value Reaches $138.5 Billion

On February 14, according to the data of The TIE and CoinGecko, the total market value of stable currency is about 138.5 billion US dollars, Tether’s market share is 49.39%, USDC is 29.76%, and BUSD is 11.63%.

Data: At present, the total market value of stable currency is about 138.5 billion US dollars

Interpretation of the news:


Stablecoins have become an increasingly popular choice for investors seeking a reliable digital asset that can maintain a fixed value against a major fiat currency. On February 14, the combined market value of all stablecoins was approximately $138.5 billion, according to data from The TIE and CoinGecko. Of this total market value, Tether dominated with a 49.39% market share, followed by USDC with 29.76% and BUSD with 11.63%.

Tether, which uses the US dollar as its pegged asset, has faced controversy in the past due to concerns about its backing and lack of transparency. However, it remains a popular choice for investors, particularly in the world of cryptocurrency trading. Its high market share is likely due to its widespread use as a trading pair on many cryptocurrency exchanges.

USDC, which is issued by Circle in partnership with Coinbase, is backed by a reserve of fully collateralized US dollars. It has gained popularity in recent years due to its transparency and regulatory compliance. In fact, USDC has been integrated into major payment platforms such as Visa and is poised for further adoption in the mainstream financial market.

BUSD, which is issued by Binance, is pegged to the US dollar and is also fully collateralized. Its popularity has been driven by its integration into the Binance ecosystem, which includes one of the largest cryptocurrency exchanges by trading volume.

The dominance of these three stablecoins in the market is indicative of the increasing demand for digital assets that can provide stability in an otherwise volatile market. The rise of decentralized finance (DeFi) has also contributed to their popularity, as stablecoins are often used as a means of payment and collateral in DeFi applications.

In conclusion, Tether remains the leading stablecoin in terms of market share, but USDC and BUSD are gaining ground as more investors seek transparency and regulatory compliance. The growth of stablecoins is a testament to the maturation of the cryptocurrency market, as investors look for more reliable and stable investments in this rapidly evolving field.

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