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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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The largest stablecoin in the world is USDT.
In May this year, the market capitalization of USDT exceeded 150 billion USD.
Just two months later
The company's CEO announced recently.
The market capitalization of USDT has exceeded 160 billion USD.
According to him
Over 400 million people worldwide use USDT.
Each quarter, we need to increase 35 million wallets.
The issuer of USDT is Tether.
As of the second quarter
Tether holds over 127 billion USD in US Treasury bonds.
It has already become the 18th largest holder of U.S. debt in the world.
With the issuance of more USDT
The amount of Tether buying US Treasury bonds will also increase.
This means that the U.S. Treasury's fundraising increasingly relies on private capital.
Last year, the global merchandise trade volume was approximately 49.18 trillion USD.
The proportion of digital wallets and blockchain settlement technology has exceeded 20%.
Expected to exceed 50% by 2032
This means that more and more stablecoins will appear in the market.
For China,
How could one possibly ignore its growing trend in payment transactions?
Financial technology companies
Whether in the field of national sovereign currency digitization
It is still the stablecoin field of private capital.
There are many businesses to do #BTC# #ETH# #PI#