CryptoQuant CEO: South Korean Officials Say 10% of Their Domestic Trade Transactions Use Stablecoin
On October 31, CryptoQuant CEO Ki Young Ju said in a post on the X platform that South Korean government officials say 10% of South Korean trade transactions use stablecoins.
USDT has a 72% share of the stablecoin market, mainly on the TRON blockchain, probably because it is fast and has lower fees than ETH. Whatever the reason, the market has chosen Tether and TRON, and they have found a product-market fit.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: "Machi Big Brother" reduced 2,880 ETH long positions in the past hour, with a liquidation price of $3,022.
A certain whale has opened a 20x leveraged long position on 300 BTC, with a liquidation price of $60,424.6.
Trending news
MoreCrypto prices
More
