The growth in the number of stablecoin holders approaches 100 million: a new historical high
Date: 2024-04-25 Author: Henry Casey Categories: IN WORLD
According to the rwa.xyz platform, the number of stablecoin holders reached 93.6 million, anticipating a new historical high. S&P Global Ratings predicts that regulation of this type of asset could lead to more banks accepting it.
In 2024, the number of addresses holding stablecoins increased by 15%, reaching 93.6 million. The majority of addresses are associated with Tether (USDT), Circle's USDC and BUSD.
The Role of TRON and Binance Smart Chain
OurNetwork experts note that almost 77% of new active addresses are created on the TRON and Binance Smart Chain (BSC) networks, indicating demand for these blockchains in retail.
Impact of regulation on the future
S&P Global Ratings indicates that clarity in the regulation of stablecoins could lead to greater adoption by banks. However, if a bill to regulate stable coins is passed, Tether's (USDT) dominance could weaken.
On April 23, 2024, the total market capitalization of stablecoins exceeded $160 billion, with Tether's USDT remaining the largest stablecoin.
With new trends in the use of stablecoins and expected changes in regulation, the cryptocurrency market is expecting interesting and dynamic changes in the near future.
