Home web3.0 Tether (USDT) Market Cap Reaches $113.13B, Marking a Significant Milestone

Tether (USDT) Market Cap Reaches $113.13B, Marking a Significant Milestone

Jul 31, 2024 am 12:24 AM
tether SVB collapse IntoTheBlock

Tether has reached a circulating supply of $113.13 billion as of July, marking a significant milestone since the collapse of the Silicon Valley Bank

Tether (USDT) Market Cap Reaches 3.13B, Marking a Significant Milestone

As of July, Tether (USDT) has reached a circulating supply of $113.13 billion, a significant increase since the collapse of Silicon Valley Bank (SVB) in March 2023.

According to IntoTheBlock (ITB) data, the collapse of SVB in 2023 played a crucial role in the stablecoin market, prompting traditional finance (TradFi) institutions to turn to USDT USDT $1.00 for stability.

USDT

$1.00

In an interview with Cointelegraph, Vincent Maliepaard, marketing director at ITB, highlighted the “key reasons for [USDT’s] dominance” as the “go-to stablecoin for traders and investors,” emphasizing its accessibility and liquidity.

Continue reading about crypto regulation in Switzerland and beyond

Stablecoin market capitalization recovered following the SVB collapse, increasing from $137.86 billion in December 2022 to about $150 billion by July 2024, according to ITB data.

With regulatory initiatives such as the new stablecoin issuer guidelines from the Swiss Financial Market Supervisory Authority (FINMA), the stablecoin market is gaining greater global exposure.

ITBのデータによると、DAI、FDUSD、USDMなどのステーブルコインに関わる取引が10万ドルを超えたため、このエクスポージャーの増加により市場の信頼と流動性が向上しました。

USDCは規制当局の承認により世界展開への道が開かれ2位にランクイン 7月、Circle USD(USDC)は規制面で大きな進歩を遂げ、欧州連合の新しい暗号資産市場(MiCA)規制枠組みに準拠した最初の世界的なステーブルコイン発行会社となった.

しかし、この発展とステーブルコイン市場における時価総額337億1000万ドルにも関わらず、USDCと時価総額1131億3000万ドルのUSDTの間には大きな差があります。

Maliepaard はこの格差についての洞察を提供し、USDT が分散型金融 (DeFi) や取引を超えた幅広い目的を果たしていると説明しました。

「USDCは主に分散型アプリケーション(dApps)、ステーブルコインスワップ、分散型取引所(DEX)のDeFiエコシステム内で使用されていますが、USDTはTradFiとDeFiの両方で存在感を持っています」と彼は言いました。

「トレーダーや投資家は、流動性が高く、集中型取引所 (CEX) と DEX 間の幅広い統合により、USDT を好みます。さらに、USDT は店頭 (OTC) 取引デスクでも広く使用されています。」

ブロックチェーンの透明性にもかかわらず、USDTの不正使用で懸念が高まる7月10日のエリプティック・リサーチの報告書は、カンボジアの複合企業グループ、フイオネ・グループが東南アジアでのオンライン詐欺を助長していることを明らかにした。

このレポートでは、主に USDT の使用を通じた Huione ギャランティ マーケットプレイスでのマネーロンダリングとサイバー詐欺に関連した 110 億ドルを超える取引が明らかになりました。

ただし、USDT の使用により、従来の法定通貨の流れと比較して、ブロックチェーンの公開デジタル台帳を介して不正資金を追跡することが容易になりました。

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