US dollar stable currency market value of more than 4 billion US dollars, a record high

US dollar stable currency market value of more than 4 billion US dollars, a record high

On May 22, Diar, an encryption asset research company, pointed out in the latest weekly report that the market value of the US dollar stable currency has reached a record high of more than $4 billion.

According to Diar's data, the US dollar stable currency has exceeded the market value of $4.3 billion.

The report also showed that the US dollar stable currency trading volume increased steadily, and the USDC supported by Circle and Coinbase increased by 130% during the period from April to May, reaching US$3.6 billion so far this month and US$1.6 billion in April.

Diar pointed out that since January 2019, USDC's trading volume has increased by 435%.

Although TUSD monthly trading volume growth is slower, it exceeds USDC in terms of absolute trading volume. TUSD traded at $3.8 billion in May and $2.88 billion in April.

Diar pointed out that despite the controversy, the stable currency USDT still occupies a large share of the market, and the transaction volume so far this year has exceeded $1.3 trillion, which is already $200 million higher than the full year of 2018.

US dollar stable currency market value of more than 4 billion US dollars, a record high

Figure: USDT trading volume in 2015-2019 <br /> Despite this, Diar claims that the use of stable currency outside the centralized exchange has also begun to grow.

According to reports, USDC's chain active address increased by 540% compared with the beginning of 2019, and TUSD is similar to its growth. But the report pointed out that the peak addresses of the two stable currencies have been limited to 5,500 per day.

Although USDT continues to dominate the stable market, it is also controversial, and it has been accused by the New York Department of Justice that only 74% of USDTs have US dollar reserves. (Encryption Valley Live)