Analysis: stablecoin ushers in a strong start in 2020

According to The Block, although 90% of the total value of the stablecoin still belongs to Tether, USDC grew at the same rate as Tether (33%) in the first quarter of 2010 and was close to $ 1 billion. Tether's value on the Ethereum chain is now over $ 4 billion and has risen by more than 75% year-to-date. The cumulative transaction volume of stablecoins exceeded $ 90 billion for the first time in a quarter, an increase of 8% over the fourth quarter, and an increase of more than 280% since the first quarter of 2019.