Tether kaotab aeglaselt oma turuosa: PlatoBlockchaini andmeanalüüsi analüüs. Vertikaalne otsing. Ai.

Tether kaotab aeglaselt oma turuosa: analüüs

Ajatempel: 20. juuni 2022 kell 6

Tether is slowly losing its market share and sits on a $68 billion market cap which is the lowest since 2021, down from the ATH of $83 billion as we can see more today in our viimased Theri uudised.

Since 2021, the stablecoin underwent a cascade of declines and according to the data from CoinGEcko, it shed around $4 billion since June 14th. TerraUST collapse pushed the market players to seek sanctuary in other digital assets which maintain a one-to-one peg with USD so as a result, the ensuing marekt contagion drove stablecoins to collapse during which USDT lost its dollar peg briefly and its dollar parity dropped to 95 cents. While it managed to re-peg, the death spiral resulted in most investors avoiding the stablecoin for USDC.

Upon gauging further, it was found that unlike the falling market cap of USDT, Circle’s stablecoin continued to follow an upward trajectory. After topping out in the first week of March, the USDC market cap bounced back and it went on to become the stable coin of choice for the ETH blockchain. At the same time, Binance USD noted a minor but relevant bounce back up and with TerraUSD gone, the three biggest stablecoins managed to retain their positions on the market. Tether is slowly losing its market dominance but the shrinking market cap came days after refuting the rumors that the stable coin is backed by Asian and Chinese commercial paper. Celsius, the stable con issuer noted:

"Celsiuse positsioon on likvideeritud ilma Tetherile kahjudeta. Tetheri laenutegevus Celsiusega (nagu iga teise laenuvõtja puhul) on alati olnud ületagatisega. Tetheril ei ole praegu Celsiuse riskipositsiooni, välja arvatud väike investeering, mis on tehtud Tetheri aktsiatest ettevõttesse. Tether on teadlik muudest levitatavatest kuulujuttudest, mis viitavad sellele, et tal on Three Arrows Capitali laenuandjad – see on jällegi kategooriliselt vale.

Tetheri CTO Paul Ardoino outlined an attack against the company’s servers and reassured that it was not successful. While other stablecoins are eating up Tether’s share for the first time in history, the stablecoin supply as a whole dropped in the second quarter of 2022. out of all centralized issuers, Tether witnessed the most redemptions and wiped about 7 billion of its supply in one month after trying to pull out from the marekt and avoid furhter damage.

Paul Ardoino
Paul Ardoino

The declining prices of all non-stablecoin assets mean that the stablecoins increased in terms of market cap and the data shows that there are four of these assets in the top 10 cryptocurrencies.

Ajatempel:

Veel alates DC prognoosid