Tether-Issued Stablecoin USDT's Market Share Grows to 75% as Market Cap Tops $118B [Yahoo! Finance]
First Citizens BancShares, Inc. - Class A (FCNCA)
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Source: Yahoo! Finance
The Tether-issued stablecoin's supply rose to $118 billion from $65 billion while main rivals struggled. Tether's USDT, the largest stablecoin, is not only growing larger, it's also cementing its dominant position and now accounts for almost 75% of stablecoin market value, up from 55% two years ago, data by blockchain data analytics platform Token Terminal shows. USDT supply nearly doubled in the period, growing to $118.6 billion of the $160 billion stablecoin market from around $65 billion, according to Token Terminal . It's the third-largest cryptocurrency overall, trailing just bitcoin {{BTC}} and ether {{ETH}}. The No. 2 stablecoin, Circle's USDC, is less than a third of its size. Stablecoins, cryptocurrencies whose price is meant to be pegged to a real-world asset such as a national currency or gold, are key pieces of plumbing for the crypto market, serving as a bridge between fiat money and digital assets. They are increasingly popular for non-crypto activities in emergin
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FCNCA
Earnings
- 7/25/24 - Beat
FCNCA
Sec Filings
- 9/6/24 - Form 4
- 8/19/24 - Form 4
- 8/14/24 - Form S-3ASR
- FCNCA's page on the SEC website