OneCash: Empowering the Asian Digital Community
While Bitcoin continues to lead the pack in terms of market capitalization, it in fact isn’t the most traded cryptocurrency. Currently, the crown of crypto trading volume belongs to a stablecoin named USDT. If Bitcoin and Ether epitomize the blockchain space, then stablecoins are the cornerstone and future of the crypto world.
As of August 2021, according to CoinMarketCap data, stablecoins took up 3 and 2 seats within the top 10 daily trading volume and market capitalization, respectively. More specifically, USDT’s daily trading volume was $90 billion, 2.6 times the daily trading volume of Bitcoin and 3.5 times that of Ether. Despite the enormous trading volume, USDT dwarfed in market capitalization when compared to BTC and Ether, representing only 1/13 the size of Bitcoin and 1/...