Well, folks, hold onto your wallets! Tether USDt, the heavyweight champ of stablecoins, has knocked out the competition and is now the go-to currency for salary payments and savings on the European crypto banking platform Brighty in 2024! Who knew money could be so stable? 💸
According to Brighty’s “Crypto Earners’ Money Habits” report (which sounds like a self-help book for crypto enthusiasts), USDt (USDT) is hogging a whopping 85% of all crypto deposits on the platform. Talk about a money-grabbing stablecoin! 🤑
But wait, there’s more! This stablecoin is not just a pretty face; it’s also the second-largest savings asset after the euro, making up 33% of all business-to-customer (B2C) savings. Move over, euros! There’s a new kid in town! 🏦
Brighty’s insights are based on data from 200,000 users and a survey of 400 crypto earners across the EU. That’s right, folks! They asked 400 people what they do with their money. Spoiler alert: they like Tether! 🎉
Tron-based USDT Takes the Crown 👑
While USDT is busy throwing a party, its rival USD Coin (USDC) is sitting in the corner with a sad 5% of all B2C deposits. Ouch! Even Bitcoin (BTC) is feeling left out with the same dismal share. Talk about a crypto pity party! 🎈
According to Brighty’s data, TRC-20 USDT — the cool kid on the Tron blockchain — is dominating the scene, accounting for over 60% of all USDT transactions. Why? Because it’s cheaper to use! Who doesn’t love saving a few bucks? 💰
In fact, at least 70% of respondents said they use crypto for payments more often because they’re not getting robbed by high transaction fees. Can I get a hallelujah? 🙌
Brighty’s Crystal Ball: A “Challenging Transition to USDC” 🔮
But hold your horses! Brighty’s data raises eyebrows about the European crypto framework known as MiCA. It seems like USDT’s reign might be challenged! Circle, the rival stablecoin, got a MiCA license for USDC, while Tether is playing hard to get. Will they comply? Only time will tell! ⏳
“Historically, USDT represented more than half of all crypto utilized by users,” said Brighty’s co-founder and chief tech wizard, Nick Denisenko. He added:
“We expect a challenging transition to USDC, and users will need a lot of time to adapt to the changes.”
Brighty is like the Swiss Army knife of personal finance apps, blending traditional banking with the magic of stablecoins and decentralized finance. They’re targeting global digital nomads, who are expected to reach 60 million by 2030. That’s a lot of wandering wallets! 🌍
As a European CASP, Brighty is working hard to get that MiCA license. Fingers crossed, folks! 🤞
Read More
- HBAR PREDICTION. HBAR cryptocurrency
- GBP EUR PREDICTION
- Rumoured The Elder Scrolls 4: Oblivion Remake Dev is Working on an “Unannounced Unreal Engine 5 Remake”
- SEI PREDICTION. SEI cryptocurrency
- CNY RUB PREDICTION
- ICP PREDICTION. ICP cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- Wise Guy: David Chase Revisits The Sopranos in HBO Documentary Trailer
- The Fantastic Four: First Steps Celebrates Christmas With Brand-New Poster
- Borderlands 4 Revealed at Gamescom Opening Night Live
2025-01-22 16:34