There isn’t much difference, really. USDT is just the most popular because it handles a much larger volume. All stablecoins work across several networks, and the fees depend on which network you’re using. For example, transferring USDT on the TRX (Tron) network is way cheaper in fees compared to using the ETH (Ethereum) network.
The popularity of these stablecoins is easy to see in their massive 24 hours trading volumes:
USDT: over $200 billion
USDC: over $12 billion
USDE: over $250 million
That volume alone explains why USDT stays on top.
The popularity of these stablecoins is easy to see in their massive 24 hours trading volumes:
USDT: over $200 billion
USDC: over $12 billion
USDE: over $250 million
That volume alone explains why USDT stays on top.
Man that volume on USDT is insane haha.. I guess usde is the newest there. Hearing it's backed by blackrock and they've made an investment
It is worth mentioning that USDE is not backed by fiat.
That makes sense, which is why it has the lowest trading volume among the three. Most of its volume is coming from Uniswap and Bybit. I'm wondering why Binance not listing it yet, probably because the coin is still new, and the demand isn’t high enough to justify the listing? And, with regulations tightening up and seeming to favor centralized platforms over decentralized ones, it’s no surprise that demand leans towards centralized coins like USDT. Since USDE is under DeFi, it naturally challenge in terms of adoption.
You have a point. seems cmc haven't updated their data yet for USDE because of its new
Didn't see bybit, Bitget here. It'll get to binance, might just take time. Since USDE is under defi, could holders get yields?
