Av NewsBTC - 1 år sedan - Lästid: 2 minuter
Över 18 miljarder USDT innehöll Binance, Bull Run Inkommande?
nansen datum on March 30 shows that over $18 billion of USDT is held on Binance, the world’s largest cryptocurrency exchange by user count and trading volumes.
Binance Holding Over $18 Billion Of USDT
At this pace, USDT constitutes the biggest share of assets held in the exchange, even exceeding other popular cryptocurrencies like Bitcoin och eterum.
As of the time of writing on March 30, Bitcoin and Ethereum shares at the exchange stood at 23% and 12%, respectively, while USDT commanded 28.71% of the total allocation. In all, Binance held over $64.6 billion of user crypto assets, making it the largest cryptocurrency exchange by assets.
USDT är ett populärt stablecoin som spårar värdet på USD. Tillgängligt i flera blockkedjor, främst på Ethereum och Tron, är USDT den mest likvida, med ett börsvärde på 79.4 miljarder dollar, enligt trackers.
För sammanhanget, vid denna siffra, är USDT tekniskt sett tredje största cryptocurrency asset only after Bitcoin and Ethereum, whose market caps stood at $554.8 billion and $221 billion on March 30.
Stablecoin är det mest likvida och överstiger USDC, utfärdat av Circle, vars börsvärde låg på 33.2 miljarder dollar den 30 mars, och BUSD, av Paxos, vars cirkulerande utbud var på 7.6 miljarder dollar vid skrivning.
Stablecoins spelar olika roller i kryptovaluta. Eftersom de mest populära backas upp av kontanter och kontanter, som spårar värdet på USD, används de som kanaler mellan traditionell finans och den snabbt växande kryptovalutascenen.
Over the years, in times of a crisis, especially tanking asset prices, the cumulative market cap of stablecoins also tends to increase. This is because stablecoins are, as the name suggests, “stable,” meaning crypto holders with Bitcoin or other volatile assets can revert to stablecoins as a refuge.
Crypto Bull Spring eller flockas i säkerhet?
The inflow of stablecoins into exchanges also indicates optimism among retail and institutional traders. With an increasing share of USDT in Binance, a leading cryptocurrency exchange, it might suggest that traders are positioning themselves for a bull run.
Earlier today, on March 30, Bitcoin prices rose above $29,000 for the first time in Q1 2023. Although prices have recoiled, traders appear upbeat as bulls build on gains of March 29. Since mid-March, Bitcoin prices have increased by around 46% amid a banking crisis in the United States.
Förutom prisaspekten härrör ökningen av USDT-innehav från New York Department of Financial Services (NYDFS) order till Paxos, emittenten av BUSD, att sluta prägla nya tokens.
Also, earlier, USDC, the second most popular stablecoin, briefly de-pegged. In light of these events, most users converted stablecoin holdings to USDT.
Ursprunglig källa: NewsBTC