The stablecoin role has shifted from trading to being used for value storage and remittance, showing a major trend change.
Tether and USDC inflows reveal growing adoption and stablecoins’ role as buy-side liquidity in the crypto market.
The stablecoin market was worth $30 billion in September 2021, but it has since grown to almost $166 billion. This large rise shows a developing trend whereby stablecoins are being welcomed for several uses. But just 21% of these stablecoins are used for transactions on exchanges right now.
This is a far different picture from 2021, when over half of the stablecoins were traded through exchanges. This change in the way stablecoins are included in financial strategies shows that they are progressively being employed as a store of value or a remittance mechanism.
Stablecoins Aren’t Just for Trading Anymore
CryptoQuant’s Ki Young Ju is throwing down some exciting stats: stablecoins are no longer just sidekicks for crypto trades.
Right now, only 21%
Retik Finance (RETIK) finds momentum in its Presale as investors rush in to buy at cheap prices
The world of decentralized finance (DeFi) is abuzz with excitement as Retik Finance, a groundbreaking project in the…
