Tether stablecoin settled $212 billion worth of value in 2019
May 25, 2020, 11:28AM EDT
1 min read
Around $212 billion worth of money was transferred or settled via Tether (USDT) stablecoin in 2019, according to research conducted by The Block’s John Dantoni.
Dantoni examined the aggregate value of transactions conducted in Tether in the last year and found that the most substantial quarterly increase was from Q1 2019 to Q2 2019, when Tether's settlement value increased 220%, from $17.4 billion to $55.7 billion.
Tether, the dominant stablecoin with around 85% of market share, is hosted on various platforms, including Omni, Ethereum, and Tron. Notably, Omni's dominance has declined over the last few quarters and Ethereum and Tron have taken the lead positions.
For example, Tether’s supply on Omni has decreased by 14% year to date, while the supply for both Ethereum and Tron has grown by 151% and 118%, respectively.