CryptoQuant CEO: South Korean Officials Say 10% of Their Domestic Trade Transactions Use Stablecoin

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Bitget2024/10/31 08:48

On October 31, CryptoQuant CEO Ki Young Ju said in a post on the X platform that South Korean government officials say 10% of South Korean trade transactions use stablecoins.
USDT has a 72% share of the stablecoin market, mainly on the TRON blockchain, probably because it is fast and has lower fees than ETH. Whatever the reason, the market has chosen Tether and TRON, and they have found a product-market fit.

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