According to The Block, during 2019 the amount of transactions using the stablecoin (USDT) cryptocurrency from Tether Limited exceeded $ 212 billion. Its growth was especially noted in the first six months of 2019.
“Stable coins” USDT and now remain the most popular cryptocurrency, which occupies approximately 85 percent in this market segment. Tether has published data on its website, from which it can be seen that USDT totaling $ 5.7 billion has been used on the Ethereum blockchain platform alone.
According to the Omni protocol, since the beginning of this year, the sale of coins from Tether has dropped by about 14 percent, while the number of purchased tokens based on the Tron and Ethereum blockchain platforms, on the contrary, increased by 118 percent on Tron and 151 percent on Ethereum.
At the moment, the total volume of USDT cryptocurrency exceeds $ 9 billion.
Since the beginning of May this year, the supply of stablecoin on the cryptocurrency market has exceeded $ 10 billion.