🛎Behavior of stablecoins. Case: USDT.🛎

🔥 Stablecoins have experienced explosive growth, processing 1.1 trillion transactions totaling $8.5 trillion by mid-2024, more than double the transaction volume of Visa during the same period. This highlights the growing importance of stablecoins in both cryptocurrencies and global finance.

The number of cryptocurrency wallets with Tether (USDT) has skyrocketed in recent years, driven by the reliability of the stablecoin and its increasing adoption for cross-border payments and DeFi. As USDT becomes the backbone of digital transactions, the growth of wallets reflects the rising demand for low-cost stablecoin financial solutions worldwide.

USDT remains the largest stablecoin by market capitalization (around $154 billion according to recent data), with a significant daily trading volume ($65 billion). Its value remains pegged close to 1:1 with the dollar, although slight decouplings (up to 2% in some cases) have been observed that could reflect market pressure.

In other words, USDT continues to be The King.

Source: Artemis. Metrics and analysis of stablecoins.