In this post. Tether (USDT) plans to mine 120 billion tokens, which will flow into smaller chains such as native versions of Celo and Toncoin.
USDC is expanding at a slower pace and looking for regulated markets and basic usage.
#Celo is preparing to become Ethereum L2 compatible after launching a new test network.
Tether (USDT) is aggressively expanding during this market cycle. While the major cryptocurrency coins are growing by leaps and bounds, #USDC is taking a more conservative approach. Ethereum and TRON are the main centers of activity, but alternative chains such as #Toncoin and Celo have seen significant growth in recent months; USDT's total supply has increased to 119.34 billion tokens, with an additional 1 billion tokens added in the last month alone. Circle's USDDC continues to focus on the Base blockchain and demonstrating compliance with EU regulations. Tether, on the other hand, is pushing DEX transactions and simple payments through its ever-growing blockchain.
Tether's focus is on creating new native coins and expanding into additional chains; in Celo's case, #USDT supply has increased by over 68% and is approaching $300 million.
Tonkoin is another growth vector for USDT, with over $668 million in fund inflows. Based on the amount of authorized funds, the supply of USDT should exceed $700 million.
In 2024, stable coins grew in all categories, with cryptocurrency-backed coins and tokens showing notable growth; USDT and USDC have more conservative usage scenarios, while cryptocurrency stable coins are more widely used in applications.
In general, the share of USDC usage in private wallets is slightly lower at 61%. The share of USDT in private wallets is 69%, while 22.7% are hosted in CeFi hubs such as exchanges and revenue hubs.
According to various reports, the total supply of stablecoins has increased to 164-169 BB.
This level is close to the 2022 market peak before the FTX crash. In the last quarter, the total number of new tokens increased by 5.
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