DeFi
Tether’s USDT Leads Ethereum Volume at $31.5 Billion Daily, Issues $1 Billion on Tron
Tether’s USDT is generating significant volume on the Ethereum blockchain, with a daily volume of $31.
Tether’s USDT generates significant volume on the Ethereum blockchain, with a daily volume of $31.5 billion, surpassing the combined volume of the other top 10 ERC-20 tokens.
Additionally, Tether issued $1 billion worth of new USDT tokens on the Tron blockchain, contributing to the growth of the stablecoin’s market capitalization.
Visa’s dashboard shows that the supply of stablecoins has increased, with over $1 trillion in transaction volume in the last 30 days.
Chainlink’s platform drives the adoption of stablecoins, powering various projects such as PayPal’s PYUSD with Paxos and Aave’s GHO.
The fiat-pegged token economy grew by $1.52 billion in 7 days, driven by growth in USDT and USDC. USDT saw no growth in Q2, but was up 37% year-over-year.
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