USDC Dethrones USDT as the Most Liquid Stablecoin

USDC Dethrones USDT as the Most Liquid Stablecoin



According to Kaiko, a crypto market data provider, USD Coin (USDC) holds the title for the most liquid stablecoin on centralized exchanges (CEXs). The analysis revealed that around $38 million worth of bids are in place, ensuring that the price of USDC deviates by no more than 0.1%.



Following USDC, other stablecoins such as Tether (USDT), Binance USD (BUSD), True USD (TUSD), and Dai (DAI) also exhibit notable liquidity. The data compiled by Kaiko includes the depth of bids that maintain a 0.1% price deviation across all markets where USDC serves as a base asset.




“Theoretically, stablecoin issuers maintain their peg. However, de-pegging can still happen on spot markets, especially considering #USDT redemptions start at $100k. Stablecoin spot markets are thus extremely important for price discovery. This data aggregates .1% b


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#Kaiko, #USDollar, #USDC, #USDT

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