Inside stablecoin supply dynamics as TUSD shakes up the market

08/03/2023 00:30
Inside stablecoin supply dynamics as TUSD shakes up the market

CryptoSlate explores the changing stablecoin supply dynamics among the top five stablecoins by market capitalization.

Inside stablecoin supply dynamics as TUSD shakes up the market Inside stablecoin supply dynamics as TUSD shakes up the market 50 seconds ago · 3 min read

Exploring the significant shift in supply growth in the top 5 largest stablecoins by market cap.

3 min read

Updated: August 2, 2023 at 1:10 pm

Inside stablecoin supply dynamics as TUSD shakes up the market

Cover art/illustration via CryptoSlate

As the crypto market ebbs and flows, so do stablecoin supplies. USDT and TUSD have emerged as 2022's market leaders, with both reaching all-time highs in supply. TUSD's remarkable growth of nearly 300% since January signals a significant shift in the stablecoin landscape... Meanwhile, other major stablecoins like USDC and DAI experienced sharp drops, with the former even briefly de-pegging. The dynamics of these shifts and what they mean for investor sentiment and market health are critical to understand. But why have USDT and TUSD surged while others have plummeted, and what does this mean for the future of the crypto market?...

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