The total market value of tether stable coins in circulation (USDT) reached $19.4 billion. Massari data evidence this.
The capitalization of the USD C stable coin is $2.91 billion. The third most popular stable coin, DAI, has this figure at $1.08 billion.
Since the beginning of 2019, the volume of the market supply of USD based on Ethereum (ERC-20) has been growing rapidly. The number of Tron-based tokens is also gradually increasing. In parallel, there is a decrease in the supply of Tether based on the Omni Protocol, which originally served as the stable coin’s technological basis.
Since the beginning of the year, the market supply of USDT has grown 4.4 times. At the current market, cap Tether is fourth in the rankings like CoinMarketCap or CoinGecko, second only to bitcoin ($315 billion), Ethereum (58.3 billion), and XRP (24 billion).
The total cost of a popular stable of coins is nearly $25 billion is to 4.85% of the total market capitalization of script action ($515 billion, according to CoinGecko).
Recall that the mark of $15 billion capitalizations of Tether overcame in September.