Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value

Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows that tether’s daily transaction value is set to eclipse bitcoin’s daily transaction value in the near future. Ever since the first tokens were issued back in October 2014, the tether (USDT) stablecoin economy has been an enigma, to say the least.

The tether economy has grown massively despite the competition over the last few years, as tokens like pax standard (PAX), trueusd (TUSD), dai (DAI), and usd coin (USDC) nip at the stablecoin’s heels. Now a recently published “Q2’20 review” concerning the stablecoin economy written by Ryan Watkins notes that tether’s daily transaction value may soon supersede bitcoin’s daily transaction value.

Timeline of Paxos-standard-token, Tether, Trueusd, Usd-coin