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Data: 99.2% of USDT0 holders have a wallet balance below 1000 US dollars.

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PANews
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3 hours ago
AI summarizes in 5 seconds.

PANews May 1 news, according to The Block report, the full-chain stablecoin USDT0 data shows that 99.2% of holders have wallet balances below $1,000, about 1,200 wallets hold between $100,000 to $1 million, and only 35 wallets exceed $10 million. USDT0 is a full-chain token supported 1:1 by the Tether stablecoin and currently supports 23 blockchains, with a historical total trading volume of $86.7 billion, making it the third largest holder of USDT (after Binance and OKX). USDT0 is primarily used in the DeFi sector, where decentralized exchanges (DEX) and derivatives trading are "the strongest growing areas in recent months," and in April, the derivatives trading volume of USDT0 reached $80 million. In the most recent seven-day period, only 1.8% of cross-chain transaction amounts exceeded $1 million, yet they accounted for 68.8% of the total trading volume. The circulating supply of USDT0 is about $4 billion, with a historical total trading volume close to $90 billion, and a total supply turnover of about 21.7 times.

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