Ethereum and USDT Dominant as Stablecoin Transactional Volume Soars Past $1 Trillion in 2020
Reading Time: 2 minutes by Dalmas Ngetich on December 24, 2020 Ethereum The cumulative transactional volume of all stablecoins across different blockchains have surpassed the $1 trillion mark in 2020 alone, USDT and Ethereum Command Market Share Out of this, the USDT issued by Tether Limited is the most dominant with a market share of 73 percent followed by USDC and DAI with a market share of 15 and seven percent, respectively. However, Ethereum has a commanding lead as a dominant chain where most stablecoin volumes were registered. Out of the $1 trillion, 83.5 percent were moved in the...
Source: btcmanager.com