In recent years, with the rise of cryptocurrency, more and more exchanges and trading APPs have emerged. Among the many currency trading APPs, the stable currency trading APP has attracted much attention due to its low risk and investment stability. On an international scale, which stablecoin trading apps dominate the market? This article will take stock of the market share rankings. As one of the most well-known trading apps in the stable currency circle, ethUSDT (Tether) should undoubtedly be at the top of the list. Since its launch in 2014, USDT has firmly dominated the stablecoin market. USDT is issued 1:1 anchored to the U.S. dollar and has a high degree of liquidity and market acceptance. Whether you are a novice or a veteran, almost everyone has a copy of USDT, which has become one of the most widely used stablecoins in the trading market. Followed by PAX (Paxos Standard). PAX only launched in 2018, but its rapid rise has attracted attention. The advantage of PAX is that it is endorsed by Paxos Corporation and has compliance certification issued by US regulatory agencies. This allows PAX to enjoy a high level of trust and reliability in the stablecoin market. Currently, PAX is rapidly expanding its market share in the currency trading APP market with its stable value and transparency. USDC (USD Coin) is also one of the high-profile stable currency trading apps. USDC, jointly launched by Circle and Coinbase, is also issued 1:1 anchored to the U.S. dollar, and its endorsement of cooperation with U.S. regulatory agencies increases market trust. USDC provides users with a convenient trading experience through efficient technical solutions and a strong partner network. DAI is a decentralized stablecoin on the Ethereum blockchain, launched by MakerDAO. Unlike the stablecoin circle trading APP mentioned earlier, the issuance of DAI is not controlled by a centralized organization, but is driven by smart contracts and collateral systems. The decentralized nature of DAI has attracted the attention of many cryptocurrency enthusiasts, especially those who value privacy and autonomy. Although DAI is not as good as the previous stablecoins in the market share ranking of cryptocurrency trading apps, its unique characteristics have brought it a certain user group. TUSD (TrueUSD) is another important player in the stable currency trading APP market. TUSD is launched by TrustToken and is also issued with a 1:1 anchoring to the US dollar. TUSD's rapid growth in the trading APP market is mainly due to its emphasis on transparency and high-level asset protection mechanisms. Stablecoin trading APP market share ranking The above-mentioned stablecoin trading APPs have their own advantages and characteristics. USDT, as the number one, is favored for its long-term circulation and market acceptance; PAX and USDC have won the trust of users in the market with their compliance certification and endorsement by relevant US agencies; DAI and TUSD are due to their Centralized features and transparency attract a certain number of users. The stablecoin trading APP market is showing a diversified development trend, and different users should make reasonable choices based on their own needs and concerns when choosing.
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