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HomeCrypto작년 엄청난 성장을 보여준 스테이블코인 USDT vs USDC

작년 엄청난 성장을 보여준 스테이블코인 USDT vs USDC

Jeremy Allaire said USDC is a good fit to overturn PayPal.

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USDCoin (USDC) has recorded tremendous growth and is rapidly catching up with Tether (USDT) Coin, which is called the king of stablecoins.

According to Cointelegraph, a cryptocurrency media outlet on the 7th (local time), Jeremy Allaire, co-founder and CEO of the cryptocurrency financial company’Circle’, surpassed PayPal, a payment giant in terms of the value of the dollar in which the stablecoin issued by the company was traded. He made a drastic prediction that he was on the track to do.

Allaire mentioned in his tweet on the 6th (local time) that USDC’s on-chain transactions over the past year have exceeded 50 trillion dollars.

He added that this figure is already half of the total payment volume of PayPal in 2020, and predicted that a’reversal’ could come sooner or later.

However, as some respondents to the tweet pointed out, USDC is primarily used on cryptocurrency exchanges for trading and speculation, while transactions on PayPal are used to pay for goods and services, so these two figures must be. It is not comparable. Still, it definitely helps to gauge the USDC’s growth perspective.

According to the German database company Statista, PayPal’s annual transaction volume in 2020 was $936 billion, an increase of 31.5% from the previous year’s figure. In addition, in the fourth quarter of 2020, PayPal’s net payments amounted to about $275 billion, an increase of 39% over the same period last year.

In contrast, USDT, the dominant stablecoin in the market, recorded a cumulative transaction amount of $600 billion by mid-October 2020, and is reported to have exceeded $780 billion by the end of the year.

In the fourth quarter of 2020, daily volume began to surge as the bull market gained momentum.

Mesari is currently reporting the adjusted daily volume at USDC 2.5 billion and USDT 9.8 billion. In terms of circulating supply, according to USDT’s Transparency Report, Tether is currently recording a record high of 43.3 billion USDT, and USDC is $11.3 billion, an increase of 1,500% over the same period last year.

Meanwhile, according to CoinGecko, USDT is currently ranked 5th in terms of market cap, showing a decline again following XRP (Ripple) and Binance Coin (BNB), which increased by 23% per day. USDC went further down the list, but by market capitalization, it is still 14th, just below Stellar (XLM), and is the 2nd stablecoin.

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