- A comparison of the turnover between Stablecoin -mittenten, Stablecoin transport layers, and trade infrastructure Suggested Tether was in the lead.
- Tether benefits from BTC and the $ 1 trillion in USDT transfers to launch a new blockchain project with the name Stable with a partner, BitFinex.
Apart from offering exposure to cryptocurrency customers, Stablecoins are expanding their application with integration to payments by large technology companies.
In this way, Empenten likes Connect [USDT] And Circle promote their scope after enormous income and more adoption.
Revenue for revenue and registration Stablecoin transfers
Tether continues to dominate the crypto and blockchain room and generates high income from reimbursements. In the past thirty days, Tether earned $ 432.5 million, more than double from Circle’s $ 193.8 million.
Circle booked $ 1.4 billion in income before 2024 and was appreciated at $ 16.7 billion after the IPO. However, Tether won a lot, with $ 14 billion in sales of 2024.
If it is appreciated by similar statistics, the market capitalization of Tether could rise and place them under the top companies in the world.
Source: Token Terminal
Remarkable, Tron [TRX] led Stablecoin transport costs, generating $ 345.8 million, many exceeded fairs and MEVS.
In the same period, Uniswap earned $ 75.6 million, achieving an impressive growth of 62.9%, while Jito collected Jito $ 61.6 million.
Despite high trading activity, Tether and Circle were dominant, benefiting from issuing and float winsts, so that their lead in crypto financing was secured.
In addition to income, Tether achieved a large milestone, which for the first time surpassed $ 1 trillion of monthly transfers about the chain.
This solidified USDT as one of the most used assets in the crypto industry.
Source: Token Terminal
At the same time, Tether’s Leen collateral Wallet moved an equivalent of 200 BTC with a value of $ 20.88 million to Binance. After Bitcoin again reached $ 100k, this wallet withdrew 1,650 BTC, which here received a full value of $ 174.7 million.
The rise in Bitcoin deposits due to Tether fits in with the company’s strategy to make use of market trends and to retain its top position in transactions.
Tether to launch ‘stable’ blockchain
In the meantime, BitFinex and USDT0-Layer are zero-driven USDT stable, a new project that is preparing for the launch.
Tether’s CEO, Paolo Ardoino, is involved as an adviser.
Unlike most Stablecoin platforms, stable companies set up instead of retail users and uses USDT as guests.
Since USDT plays a key role in Stable’s transaction technology, the project can help integrate stablecoins into business activities.
This may possibly stimulate the growth of stablecoins-supported blockchain networks.
Source: X
Although Stal developers chose to remain hidden, the team consisted of engineers in blockchain, entrepreneurs in finance and cryptocurrency experts.