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Stabolut
@stabolut
📰Market Recap (11 Nov) 1/ Stablecoin Market Cap Overview 🔍 The total stablecoin market cap is approximately $178,054,218,456. Tether (USDT) holds a dominant position with a market cap of $123,470,732,468, making up 69.3% of the market. USD Coin (USDC) follows with $36,882,146,791 (20.7% market
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Stabolut
@stabolut
2/On-Chain Stablecoin Volumes on Ethereum Ethereum-based stablecoin transactions have seen a noticeable downturn, with November 2024 marking one of the lowest months for volume. This trend highlights a decline in the use of USDC and BUSD, while USDT has shown greater
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Stabolut
@stabolut
3/ Key Changes in Market Share🧀 USDT’s market dominance has increased to nearly 69.3%, recovering from earlier lows this year. In contrast, USDC has dropped to 20.7%, while DAI has maintained stability and holds 2.6% of the stablecoin market.
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Stabolut
@stabolut
4/ Regulatory Impact on Stablecoin Distribution🧑‍⚖️ In 2024, there has been a significant decline in the market share of onshore, regulated stablecoins, primarily USDC, as demand shifts towards more #decentralized and globally accessible alternatives. This trend may have
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Stabolut
@stabolut
5/ Global Accessibility and Adoption🌎 #Stablecoins like USDT are increasingly popular in markets with restricted USD access, underscoring their role as globally accessible financial tools that support DeFi activity, even in the face of regulatory challenges.
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Stabolut
@stabolut
6/ Here ends this stablecoin update... Let us know your thoughts, and stay tuned for more insights!
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