List of mainstream encrypted stablecoins: USDT market share exceeds 60%

BlockBeats News: On June 11th, Circle, the recent stablecoin USDC issuer, went public in the US IPO, once again attracting market attention to the stablecoin sector. The current list of mainstream encrypted stablecoins is as follows: USDT is issued by Tether Limited and is affiliated with iFinex Corporation. The collateral type is US dollar cash and short-term US treasury bond bonds, with a current market value of about US $155.2 billion; USDC is issued by Circle, initially jointly managed with Coinbase, and later fully managed by Circle. The collateral type is cash and short-term US treasury bond bonds, with a current market value of about US $60.9 billion; USD1 was launched by the Trump family encryption project WLFI. The collateral type is short-term U.S. treasury bond bonds, with a current market value of about 2.2 billion dollars; FDUSD is issued by First Digital in Hong Kong, with high compliance and mainly serving the Asian market. The collateral type is cash and equivalents in US dollars, with a current market value of approximately 1.5 billion US dollars; PYUSD was initiated by payment giant PayPal, with Paxos Trust Company responsible for issuance and custody, and approved by NYDFS. The types of collateral are US dollar deposits, short-term US treasury bond bonds and similar cash equivalents, with a current market value of about US $1 billion; TUSD was issued by TrustToken and later taken over by Techteryx. The collateral type is cash and equivalents in US dollars, with a current market value of approximately 500 million US dollars; RLUSD is launched by Ripple Labs with the aim of challenging the market position of USDT and USDC. The collateral types are US dollar deposits, US government bonds, and cash, with a current market value of approximately 380 million US dollars; USDP is issued by Paxos Trust Company and approved by NYDFS. The collateral type is cash equivalents such as US dollar cash, short-term US treasury bond bonds and overnight repurchase agreements, with a current market value of about US $73 million; In addition, Tether and Paxos have also issued XAUT and PAXG tokens anchored in gold, each representing one ounce of London gold, with market values of approximately $830 million and $1 billion, respectively.