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BTC79,401-1.79%ETH2,255.64-2.26%SOL90.77-4.26%BNB670.69-1.48%XRP1.43-1.78%ADA0.2640-3.54%DOGE0.1131-0.48%AVAX9.68-4.00%LINK10.20-4.44%DOT1.32-5.88%BTC79,401-1.79%ETH2,255.64-2.26%SOL90.77-4.26%BNB670.69-1.48%XRP1.43-1.78%ADA0.2640-3.54%DOGE0.1131-0.48%AVAX9.68-4.00%LINK10.20-4.44%DOT1.32-5.88%

#stablecoins

3 stories
99.2% of omni-chain Tether-backed stablecoin holders have less than $1,000 USDT
BREAKINGMarketsApr 30

99.2% of omni-chain Tether-backed stablecoin holders have less than $1,000 USDT

An omni-chain stablecoin backed by Tether's USDT shows highly concentrated holdings, with 99.2% of addresses holding less than $1,000. This data offers insights into its market dynamics and user base.

via The Block
Stablecoin Market Cap Tops $200 Billion for the First Time as USDC Closes the Gap on Tether
MarketsApr 10

Stablecoin Market Cap Tops $200 Billion for the First Time as USDC Closes the Gap on Tether

Circle has added $12 billion in supply this quarter, narrowing Tether's lead to the smallest margin since 2021. The composition of who is holding what has changed, too.

Stablecoins Are Now the Product. Everything Else Is Distribution.
OpinionMar 29

Stablecoins Are Now the Product. Everything Else Is Distribution.

Tether is the most profitable company per employee in modern financial history. Circle is a quiet infrastructure monopoly. The rest of crypto is, increasingly, a distribution channel for their balances.