April 20, 2020, 1:26PM EDT
• 4 min read

Stablecoins now dominant Ethereum-based medium of exchange as aggregate market cap doubles year-to-date

Quick Take

  • The aggregate Ethereum-based stablecoin market capitalization has increased 95.38% year-to-date to $6.25bn
  • Since the start of 2020, stablecoin weekly transaction volume has consistently outweighed Ether (ETH) transaction volume by 3:1
  • While Huobi USD and Binance USD continue to build market share, unique holder and user metrics suggest adoption solely among large professional entities  

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