Bitcoin
Bitcoin (BTC)
$52,039.00 0.32915
Bitcoin price
Ethereum
Ethereum (ETH)
$2,980.60 1.5273
Ethereum price
BNB
BNB (BNB)
$353.62 0.2297
BNB price
Solana
Solana (SOL)
$107.22 -4.29384
Solana price
XRP
XRP (XRP)
$0.5598670 -0.46107
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000097 -1.35746
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000012 -3.24865
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000060590 2.29838
El Hippo price
Bonk
Bonk (BONK)
$0.0000123 -4.60856
Bonk price
Bitcoin
Bitcoin (BTC)
$52,039.00 0.32915
Bitcoin price
Ethereum
Ethereum (ETH)
$2,980.60 1.5273
Ethereum price
BNB
BNB (BNB)
$353.62 0.2297
BNB price
Solana
Solana (SOL)
$107.22 -4.29384
Solana price
XRP
XRP (XRP)
$0.5598670 -0.46107
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000097 -1.35746
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000012 -3.24865
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000060590 2.29838
El Hippo price
Bonk
Bonk (BONK)
$0.0000123 -4.60856
Bonk price
Bitcoin
Bitcoin (BTC)
$52,039.00 0.32915
Bitcoin price
Ethereum
Ethereum (ETH)
$2,980.60 1.5273
Ethereum price
BNB
BNB (BNB)
$353.62 0.2297
BNB price
Solana
Solana (SOL)
$107.22 -4.29384
Solana price
XRP
XRP (XRP)
$0.5598670 -0.46107
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000097 -1.35746
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000012 -3.24865
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000060590 2.29838
El Hippo price
Bonk
Bonk (BONK)
$0.0000123 -4.60856
Bonk price
Bitcoin
Bitcoin (BTC)
$52,039.00 0.32915
Bitcoin price
Ethereum
Ethereum (ETH)
$2,980.60 1.5273
Ethereum price
BNB
BNB (BNB)
$353.62 0.2297
BNB price
Solana
Solana (SOL)
$107.22 -4.29384
Solana price
XRP
XRP (XRP)
$0.5598670 -0.46107
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000097 -1.35746
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000012 -3.24865
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000060590 2.29838
El Hippo price
Bonk
Bonk (BONK)
$0.0000123 -4.60856
Bonk price

Tether expands market share by 21% in 2023

tether-expands-market-share-by-21-in-2023
Edited by
News
Tether expands market share by 21% in 2023

In 2023, Tether’s (USDT) stablecoin market share increased from 50% to 71%.

According to Glassnode, since the beginning of 2023, the supply of USDT stablecoin has increased by $28.7 billion. At the same time, on Jan. 14, 2024, the capitalization of USDT reached $95 billion.

Tether expands market share by 21% in 2023 - 1
Source: Glassnode

For comparison, USDT’s closest competitor is USDC. Like the rest of the stablecoins on this list, Circle’s token is in a recession.

Since the beginning of 2023, the supply of the asset has decreased by $17.78 billion, according to Glassnode. The decline in Circle’s share is due to several factors, one of which is the spring 2023 depeg caused by the collapse of Silicon Valley Bank.

In early January 2024, Tether added $1 billion to USDT reserves on the Tron network again. The last time it replenished its reserves was in December 2023. Then Tether issued 1 billion USDT.

The company’s new CEO, Paolo Ardoino, also called the USDT stablecoin an example of resilience and innovation. It has become a product used and trusted by “hundreds of millions of people,” he said.

He also shared plans for the current year, noting that Tether plans to launch several new products and consolidate existing solutions, expressing confidence in the company’s further development via the introduction of valuable functions and new investments.

Follow Us on Google News