{"id":27820,"date":"2020-08-27T16:25:24","date_gmt":"2020-08-27T13:25:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27820"},"modified":"2025-08-26T23:18:36","modified_gmt":"2025-08-26T20:18:36","slug":"tether-overtakes-bitcoin-by-weekly-transfer-value","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tether-overtakes-bitcoin-by-weekly-transfer-value\/","title":{"rendered":"Tether overtakes Bitcoin by weekly transfer value"},"content":{"rendered":"<p>Market capitalization of Tether (USDT) topped $13 billion. The seven\u2011day moving average of transfer value in the leading stablecoin stood at $3.55 billion, versus $2.94 billion for Bitcoin. The main factor behind the leadership switch in the pair was the surge in DeFi protocol usage, <a href=\"https:\/\/coinmetrics.substack.com\/p\/coin-metrics-state-of-the-network-213\" target=\"_blank\" rel=\"noopener noreferrer\">\u043e\u0442\u043c\u0435\u0442\u0438\u043b\u0438<\/a> \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0438 Coinmetrics.<!--more--><\/p>\n<div id=\"attachment_108544\" style=\"width: 634px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-108544\" class=\"wp-image-108544 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image2-172.png\" alt=\"Tether \u043e\u0431\u043e\u0448\u0435\u043b \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u043f\u043e \u043e\u0431\u044a\u0435\u043c\u0443 \u043f\u0435\u0440\u0435\u0434\u0430\u043d\u043d\u043e\u0439 \u0437\u0430 \u043d\u0435\u0434\u0435\u043b\u044e \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u0438\" width=\"624\" height=\"371\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/image2-172.png 624w, https:\/\/u1f987.com\/wp-content\/uploads\/image2-172-300x178.png 300w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><\/p>\n<p id=\"caption-attachment-108544\" class=\"wp-caption-text\">\u0414\u0430\u043d\u043d\u044b\u0435: Coinmetrics.<\/p>\n<\/div>\n<p>On August 21, the supply of USDT surpassed $13 billion in 1:1 dollar\u2011pegged coins. On June 1 the figure was below $10 billion, and on March 1 \u2013 below $5 billion.<\/p>\n<div id=\"attachment_108545\" style=\"width: 634px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-108545\" class=\"wp-image-108545 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image1-268.png\" alt=\"Tether \u043e\u0431\u043e\u0448\u0435\u043b \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u043f\u043e \u043e\u0431\u044a\u0435\u043c\u0443 \u043f\u0435\u0440\u0435\u0434\u0430\u043d\u043d\u043e\u0439 \u0437\u0430 \u043d\u0435\u0434\u0435\u043b\u044e \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u0438\" width=\"624\" height=\"371\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/image1-268.png 624w, https:\/\/u1f987.com\/wp-content\/uploads\/image1-268-300x178.png 300w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><\/p>\n<p id=\"caption-attachment-108545\" class=\"wp-caption-text\">Data: Coinmetrics<\/p>\n<\/div>\n<p>Researchers noted a rise in the number of active addresses on OMG Network, the Ethereum scaling solution, to the highest level since August 2018. They linked such a jump to the issuer <a href=\"https:\/\/u1f987.com\/en\/news\/tether-integrates-into-ethereum-sidechain-with-thousands-of-tps\">to issue<\/a> the stablecoin on this sidechain.<\/p>\n<p>In June, Tether&#8217;s chief technical officer Paolo Ardoino expressed interest in moving USDT from Ethereum to OMG Network as its beta-testing began. He expects lower costs, higher throughput, and reduced pressure on the main chain.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"MHwGarfm75\">\n<p>What is Tether (USDT)?<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u00abWhat is Tether (USDT)?\u00bb \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/cryptorium\/chto-takoe-tether\/embed#?secret=fsBEW3HiZM#?secret=MHwGarfm75\" data-secret=\"MHwGarfm75\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Economist John Paul Koning also noted the growing influence of USDT. He compared the daily transfer value reported by Coinmetrics for Tether at $3.55 billion with PayPal&#8217;s $2.55 billion in the second\u2011quarter report. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Tether is now doing $3.55 billion in daily transfer value: <a href=\"https:\/\/t.co\/CpW34wL3jA\">https:\/\/t.co\/CpW34wL3jA<\/a> via <a href=\"https:\/\/twitter.com\/coinmetrics?ref_src=twsrc%5Etfw\">@coinmetrics<\/a><\/p>\n<p>Not bad. In Q2 2020, <a href=\"https:\/\/twitter.com\/PayPal?ref_src=twsrc%5Etfw\">@PayPal<\/a> did just $2.94 billion per day: <a href=\"https:\/\/t.co\/kD3Bt9BEYF\">https:\/\/t.co\/kD3Bt9BEYF<\/a> <a href=\"https:\/\/t.co\/uxaagM9pXU\">pic.twitter.com\/uxaagM9pXU<\/a><\/p>\n<p>\u2014 John Paul Koning (@jp_koning) <a href=\"https:\/\/twitter.com\/jp_koning\/status\/1298328232253587458?ref_src=twsrc%5Etfw\">August 25, 2020<\/a><\/p>\n<\/blockquote>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>SAccording to <a href=\"https:\/\/wallet.tether.to\/transparency\" target=\"_blank\" rel=\"noopener noreferrer\">\u0441\u0430\u0439\u0442\u0443<\/a> Tether, the total circulating supply of USDT stands at $13.18 billion, of which $8.62 billion has been issued on the Ethereum blockchain. On August 20 the issuer <a href=\"https:\/\/u1f987.com\/en\/news\/tether-moves-1-billion-usdt-from-tron-to-ethereum\">moved<\/a> 1 billion tokens to this network from the TRON blockchain.<\/p>\n<p>\u041f\u043e \u0434\u0430\u043d\u043d\u044b\u043c <a href=\"https:\/\/ethgasstation.info\/\" target=\"_blank\" rel=\"noopener noreferrer\">EthGasStation<\/a>, Tether ranks second by the volume of fees paid by assets on the Ethereum network, at $10.2 million over the last 30 days.<\/p>\n<p>\u0412 Tether \u043e\u0442\u043c\u0435\u0442\u0438\u043b\u0438, \u0447\u0442\u043e \u0430\u043a\u0442\u0438\u0432\u043d\u0430\u044f \u044d\u043c\u0438\u0441\u0441\u0438\u044f \u043c\u043e\u043d\u0435\u0442 \u043e\u0431\u0443\u0441\u043b\u043e\u0432\u043b\u0435\u043d\u0430 \u0441\u0442\u0440\u0435\u043c\u043b\u0435\u043d\u0438\u0435\u043c \u0438\u043d\u0432\u0435\u0441\u0442\u043e\u0440\u043e\u0432 \u043d\u0430\u0439\u0442\u0438 \u0430\u043b\u044c\u0442\u0435\u0440\u043d\u0430\u0442\u0438\u0432\u0443 \u0443\u0441\u0442\u0430\u0440\u0435\u0432\u0448\u0438\u043c \u0431\u0430\u043d\u043a\u043e\u0432\u0441\u043a\u0438\u043c \u0438 \u043f\u043b\u0430\u0442\u0435\u0436\u043d\u044b\u043c \u0441\u0438\u0441\u0442\u0435\u043c\u0430\u043c, \u043a\u043e\u0442\u043e\u0440\u0443\u044e \u043e\u043d\u0438 \u043e\u0431\u0440\u0435\u0442\u0430\u044e\u0442 \u0432 USDT.<\/p>\n<p>Analysts at Chainalysis <a href=\"https:\/\/u1f987.com\/en\/news\/chainalysis-analyzes-east-asia-on-chain-activity-chinese-capital-flowing-into-usdt\">estimated<\/a> the volume of funds sent over the year from East Asian wallets to other regions at $50 billion. The stablecoins surpassed Bitcoin in popularity among regional traders.<\/p>\n<p>\u041f\u043e\u0434\u043f\u0438\u0441\u044b\u0432\u0430\u0439\u0442\u0435\u0441\u044c \u043d\u0430 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 ForkLog \u0432 <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market capitalization of Tether (USDT) surpassed $13 billion. The seven\u2011day moving average of transfer value in the leading stablecoin stood at $3.55 billion, vs. $2.94 billion for Bitcoin. Analysts at Coinmetrics attributed the leadership shift to the growing popularity of DeFi protocols.<\/p>\n","protected":false},"author":1,"featured_media":27821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1245],"class_list":["post-27820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=27820"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27820\/revisions"}],"predecessor-version":[{"id":27822,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27820\/revisions\/27822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/27821"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=27820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=27820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=27820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}