Stablecoins Have a Bigger Market Opportunity Then Bitcoin: Report


stablecoin

Stablecoins Have a Bigger Market Opportunity Then Bitcoin: Report

According to Satoshi Capital Research data, stablecoins have a market opportunity of about $18.8 trillion and in the entire last year, Tether (USDT) registered the trading volume of $1.1 trillion in last year.

 

Market Opportunity

A few days ago, Satoshi Capital Research shared the market opportunity of Bitcoin and Stablecoins as well. Where Bitcoin market opportunity is over $14 trillion, Stablecoin has an even bigger field of more than $18 trillion.

“The market opportunity of bitcoin technology is over $65 trillion. We calculate BTC itself has a potential market of $14.7 trillion, stablecoins have a potential market of $18.8 trillion, and smart banking solutions have a potential market of $32.3 trillion.”

Stablecoins

When it comes to top stablecoin market opportunities, EUR (Euro) is at the top followed by CNY (Chinese Yuan), JPY (Japanese yen), GBP (British pound sterling), and then CAD (Canadian Dollar).

Stablecoins

Tether [USDT]: A Clear Winner among the Stablecoins

According to the data provided by Coinmarketcap, Tether (USDT) is the fifth largest cryptocurrency with a market cap of more than $2 billion. At the time of writing, dollar pegged stablecoin Tether has been trading at $1.01 with 24-hours loss of 0.22 percent. In the BTC market, USDT is in the green by 0.20 percent and in the OMNI market, is up by 1.81 percent. Meanwhile, it is managing the daily trading volume of over $2 billion.

TEther

Tether(USDT) price chart, Source: Coinmarketcap

According to the data provided by Satoshi Capital Research, USDT registered more than a trillion dollar in trading volume.

“Over $1 trillion worth of bitcoin-based USD stablecoin Tether was traded in 2018, making up 98% of the total $1.1 trillion in fiat currency stablecoin trading volume for the year.”

TEther

Among the stablecoins Tether, TrueUSD, Paxos Standard Token, Dai, Gemini Dollar, USDCoin, and bitUSD, Tether is the clear winner in terms of issued value, daily trading volume, and the trading volume during the entire 2018.

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Anjali Tyagi 440 Articles
Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.
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