Tether’s reported $10 billion market cap comes after year-to-date growth of 144% — with Tether representing $4.1 billion at the start of 2020.
However, data aggregators are at odds on Tether’s capitalization, with CoinGecko and CoinMarketCap estimating USDT’s market cap to be just over $9 billion.
USD Coin and Binance USD post strong growth
The second-largest stablecoin by market cap, Circle’s USD Coin (USDC) has also seen triple-digit growth since early January — increasing from less than $450 million to over $930 million today.
USDC has steadily grown since launching in October 2018 to currently comprise the 18th-largest crypto asset overall.
Since launching in September of last year, Binance’s USD stablecoin BUSD has quickly emerged as a major player in the stablecoin sector — currently ranking fourth among stablecoins with a market cap of nearly $166 million.
Binance has grown by more than 875% since representing roughly $17 million at the start of the year, now ranking as the 49th-largest crypto market.
PAX and TUSD stagnate
After starting the year with a capitalization of $225 million, Paxos Standard (PAX), the third-ranked stablecoin by market cap, has seen its market cap stagnate at $245 million since April, according to CoinMarketCap.
CoinMarketCap ranks Paxos as the 37th-largest crypto asset overall. However, the data may not take into account PAX that have been issued on the Ontology blockchain since April.
TrueUSD (TUSD) has actually posted a drop in market cap since the year — falling from $155 million to $144.5 million as of this writing.
TUSD is the fifth-largest stablecoin and the 55th-ranked crypto asset by capitalization.
Member Read Also Next Articles!
Argentinian Ants are spread all over the world with humans and are one of the most successful alien species.In the past, researchers at the University of Oulu, along with researchers at the University of Girona..(The Argentine ant)
We all know what vitamin c (ascorbic acid)is and we also know that it is one of the best vitamins for human health,unfortunately, we do not always get it according to our needs..(Vitamin C is one of the best vitamins)
Are you thinking about improving your eating and drinking habits,it may be that the health benefits of green tea may be right for you.green tea is so good for slimming and cleansing the body for its flavonoids, which enhance liver function and this makes your body work lighter and more efficient..(Health Benefits Of Green Tea)
The site provides businesses effective business advertising internationally. Whether your business is a small or a large website or other business, the site offers the best results as possible… (Business Advertising)
Are you interested in increasing your online presence? our site gives you the opportunity to banner advertising,this will give you global exposure what you need to grow your business… (Banner Advertising)