Stablecoin USDC’s ERC20 Issuance Surpasses USDT’s Total Supply on Ethereum

En sábado, enero 15, 2022, the market capitalization of all the stablecoins in existence is $173 mil millones, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stablecoins tether and usd coin represent 71.84% of the entire stablecoin economys value. Esta semana, the current total supply of usd coin surpassed tether, in terms of tokens issued on the Ethereum blockchain, as usd coin has a 0.568% larger fully diluted market capitalization on the smart contract network.


USDC Issuance on Ethereum Surpasses Tethers ERC20 Supply

The current total supply of the stablecoin usd coin (USDC) on the Ethereum blockchain is over 40 billion units, which is higher than the number of tether (USDT) on the chain. En el momento de escribir, de acuerdo a etherscan statistics, the current supply of USDT es 39.8 billion units. While theres only 0.568% more USDC tokens than the number of tethers in circulation, eso’s the first time USDC has overtaken USDT in terms of Ethereum issuance.

While tether has seen 136,448,792 transfers total on the ETH cadena, USDC has only seen 33,104,877. Esencialmente, ERC20 tethers have been transacted with 312.17% more than USDC tokens have been transferred. Tether also has a lot more USDT tokens across multiple blockchain networks with a current total supply of 79 billion tethers.

USDC is also on a few different blockchains, but the majority of USDC resides on Ethereum. USDC has a current total supply of 45.3 mil millones, which means 5.3 billion USDCs are used on alternative blockchains.

Stablecoin Giants Eclipse Decentralized, Algorithmic Competitors Despite Double-Digit Monthly Growth

Both of these stablecoins are giants in comparison to the rest of the stablecoins in existence as they dominate 71.84% of todays stablecoin economy. Durante el último 24 horas, across the entire crypto-economy, allá’s been $78 billion in total trade volume. Sin embargo, stablecoin trades represent $47.5 billion of todays trade volume or more than 60% of the aggregate.

Statistics from coingecko.coms top stablecoin by market capitalization indicate that tether has increased its supply by 1.8% durante el último 30 días. USDC’s supply over the last month has increased by 8.9%. Decentralized and algorithmic stablecoin supplies have seen much larger increases during the last 30 days as UST, MIM, and FRAX increased by double-digit percentages. Tierra’s UST increased 22%, MIM jumped 17%, and FRAX increased by 46.4% durante el último mes.

What do you think about the current total supply of USDC surpassing tethers current supply on the Ethereum blockchain? Háganos saber lo que piensa sobre este tema en la sección de comentarios a continuación..