On the USDT and USDC side, there is a continuation. Stabilcoin market has been experiencing great competition in recent years. The USDT and USDC, the two largest stabilcoins in the market, launched a new supply of $ 1.25 billion in a total of $ 1.25 billion in just 24 hours. This development once again demonstrated the role of stabilcoins in the crypto market.
New supply details of USDT and USDC
According to Lookonchain’s data of 19 January 2025, USDT and USDC, Tron and Solana networks, a significant amount of new token pressed and released.
https://x.com/lookonchain/status/1892032266253004824
The USDT and USDC produce a new stabilcoin of $ 1 billion in the tron block chain, while the USDC printed a new USDC $ 250 million in the Solana network. This process strengthened the effect of stabilcoins in terms of liquidity.
Tether is used more than USDC
According to the current data, the USDT trading volume reached 80.76 billion dollars and increased by 4.52 %. The USDC transaction volume increased to 7.76 billion dollars, while approximately 8 %.
The USDT/BTC parity was the most traded Tether pair, while the USDC/USDT was the highest volume USDC parity. These data reveal how stabilcoins are located as a basic means of change in the crypto currency market.
The role of stabilcoins in the crypto market
Stabilcoins are usually based on block -based digital assets, which are usually fixed to an asset of 1: 1. Dollar, commodity, crypto assets or algorithms supported by various stabilcoin types.
Today, stabilcoins are mostly used as vehicles for the purchase and sale of crypto money. Instead of buying Bitcoin directly, users first buy USDT or USDC and use these stabilcoins and purchase BTC.
USDT and USDC supply and market value
According to Etherscan data, the total supply of USDT is $ 141.71 billion. The total number of wallets was recorded as 6.85 million people. The Solana block chain has 2.03 billion Tether.
In terms of market value, Tether is the leader with $ 141.71 billion. It is followed by USDC, DAI and USUAL USD. Stabilcoin, which has the lowest market value, was recorded as Basic Cash with $ 81,900.
