{"id":481590,"date":"2022-01-20T19:00:30","date_gmt":"2022-01-20T19:00:30","guid":{"rendered":"https:\/\/wncen.com\/?p=481590"},"modified":"2022-01-20T12:36:44","modified_gmt":"2022-01-20T12:36:44","slug":"stablecoin-usd-coin-overtakes-tether-ethereum","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/","title":{"rendered":"Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum"},"content":{"rendered":"<p>The stablecoin market has undergone a shakeup as USD Coin (USDC) has overtaken USD Tether (USDT) on the Ethereum blockchain.<\/p>\n<h2>USD Coin Supply On Ethereum Is Now More Than Tether<\/h2>\n<p>As per the latest weekly report from <a href=\"https:\/\/substack.com\/profile\/8446596-arcane-research\" rel=\"nofollow\">Arcane Research<\/a>, USDC has now become the largest stablecoin on the ETH chain, surpassing USDT.<\/p>\n<p>A &#8220;<a href=\"https:\/\/wncen.com\/all\/tethered-up\/\">stablecoin<\/a>&#8221; is a type of crypto token that has its value tied to a fiat currency. Due to this fact, these coins don&#8217;t suffer from much volatility, hence their name. Though it must be mentioned that their value isn&#8217;t actually fixed, any depreciation or appreciation in fiat carry over to them by nature.<\/p>\n<p>These coins can be minted on many blockchains, but the Ethereum chain has been the most popular option for it since years now.<\/p>\n<p><a href=\"https:\/\/wncen.com\/news\/tether-freezes-over-150m-worth-of-usdt-stablecoin\/\">Tether<\/a> and USD Coin are two of the biggest stablecoins in the market right now. And while USDC supply has overtaken USDT on the ETH network, USDT is still the largest fiat token overall,<\/p>\n<p>Here is a chart that shows how the supply of the two biggest stablecoins on Ethereum has changed over the past year:<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-481600 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/chart-17.png?resize=460%2C348\" alt=\"USD Coin vs Tether, On Ethereum\" width=\"460\" height=\"348\"><\/p>\n<pre style=\"text-align: center\">Looks like USDC has enjoyed sharp growth in the second half of the year | Source: <a href=\"https:\/\/theweeklyupdate.substack.com\/p\/calm-before-the-storm\" rel=\"nofollow\">The Arcane Research Weekly Update - Week 2<\/a><\/pre>\n<p>As you can see in the above graph, USD Coin has just surpassed the supply of Tether on the Ethereum blockchain.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/ethereum\/solo-ethereum-miner-hits-the-jackpot-with-170-eth-for-mining-a-block\/\">Solo Ethereum Miner Hits The Jackpot With 170 ETH For Mining A Block<\/a><\/strong><\/em><\/p>\n<p>Over the course of 2021, USDC&#8217;s supply grew three times faster than USDT&#8217;s. Decentralized Finance (DeFi) has been the main push behind this growth of the coin.<\/p>\n<p>In USDT&#8217;s case, the driver behind its growth has been centralized exchanges and institutions. This is why the graph for Tether&#8217;s supply shows it moving up in big steps; these organizations usually mint these coins in large bursts.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-implied-volatility-plummets-to-pre-bull-market-levels-what-this-means\/\">Bitcoin Implied Volatility Plummets To Pre-Bull Market Levels: What This Means<\/a><\/strong><\/em><\/p>\n<p>On the other hand, USD Coin&#8217;s supply curve has a more natural growth to it because of crypto traders using it for DeFi.<\/p>\n<p>The report predicts that USDC will surpass USDT to become the biggest stablecoin overall in 2022 as its growth has been much faster recently.<\/p>\n<h2>ETH Price<\/h2>\n<p>At the time of writing, <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-key-3k-support\/\">Ethereum&#8217;s price<\/a> floats around $3.1k, down 3% in the last seven days. Over the past month, the crypto has lost 20% in value.<\/p>\n<p>The below chart shows the trend in the price of ETH over the last five days.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-481603 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/chart-18.png?resize=460%2C241\" alt=\"Ethereum Price Chart\" width=\"460\" height=\"241\"><\/p>\n<pre style=\"text-align: center\">ETH's price seems to have plunged in the last few days | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" rel=\"nofollow\">ETHUSD on TradingView<\/a><\/pre>\n<p>Ethereum has been in consolidation for a while now, as has been most of the crypto market. At the moment, it&#8217;s unclear when the coin may be able to escape from this sideways movement.<\/p>\n<pre>Featured image from Unsplash.com, charts from TradingView.com, Arcane Research<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The stablecoin market has undergone a shakeup as USD Coin (USDC) has overtaken USD Tether (USDT) on the Ethereum blockchain. USD Coin Supply On Ethereum Is Now More Than Tether As per the latest weekly report from Arcane Research, USDC has now become the largest stablecoin on the ETH chain, surpassing USDT. A &#8220;stablecoin&#8221; is a type of crypto token that has its value tied to a fiat currency. Due to this fact, these coins don&#8217;t suffer from much volatility, hence their name. Though it must be mentioned that their value isn&#8217;t actually fixed, any depreciation or appreciation in fiat carry over to them by nature. These coins can be minted on many blockchains, but the Ethereum chain has been the most popular option for it since years now. Tether and USD Coin are two of the biggest stablecoins in the market right now. And while USDC supply has overtaken USDT on the ETH network, USDT is still the largest fiat token overall, Here is a chart that shows how the supply of the two biggest stablecoins on Ethereum has changed over the past year: Looks like USDC has enjoyed sharp growth in the second half of the year | Source: The Arcane Research Weekly Update &#8211; Week 2 As you can see in the above graph, USD Coin has just surpassed the supply of Tether on the Ethereum blockchain. Related Reading |\u00a0Solo Ethereum Miner Hits The Jackpot With 170 ETH For Mining A Block Over the course of 2021, USDC&#8217;s supply grew three times faster than USDT&#8217;s. Decentralized Finance (DeFi) has been the main push behind this growth of the coin. In USDT&#8217;s case, the driver behind its growth has been centralized exchanges and institutions. This is why the graph for Tether&#8217;s supply shows it moving up in big steps; these organizations usually mint these coins in large bursts. Related Reading |\u00a0Bitcoin Implied Volatility Plummets To Pre-Bull Market Levels: What This Means On the other hand, USD Coin&#8217;s supply curve has a more natural growth to it because of crypto traders using it for DeFi. The report predicts that USDC will surpass USDT to become the biggest stablecoin overall in 2022 as its growth has been much faster recently. ETH Price At the time of writing, Ethereum&#8217;s price floats around $3.1k, down 3% in the last seven days. Over the past month, the crypto has lost 20% in value. The below chart shows the trend in the price of ETH over the last five days. ETH&#8217;s price seems to have plunged in the last few days | Source: ETHUSD on TradingView Ethereum has been in consolidation for a while now, as has been most of the crypto market. At the moment, it&#8217;s unclear when the coin may be able to escape from this sideways movement. Featured image from Unsplash.com, charts from TradingView.com, Arcane Research<\/p>\n","protected":false},"author":542,"featured_media":481604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,8686,15241,4100,16374,16680,10263],"class_list":["post-481590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd","tag-stablecoins","tag-tether","tag-usd-coin","tag-usdc","tag-usdt"],"acf":[],"yoast_head":"\n<title>Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum<\/title>\n<meta name=\"description\" content=\"The stablecoin market has undergone a shakeup as USD Coin (USDC) has overtaken USD Tether (USDT) on the Ethereum blockchain. USD Coin Supply On Ethereum\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum\" \/>\n<meta property=\"og:description\" content=\"The stablecoin market has undergone a shakeup as USD Coin (USDC) has overtaken USD Tether (USDT) on the Ethereum blockchain. USD Coin Supply On Ethereum\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-20T19:00:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-20T12:36:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum\",\"datePublished\":\"2022-01-20T19:00:30+00:00\",\"dateModified\":\"2022-01-20T12:36:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/\"},\"wordCount\":438,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg?fit=2560%2C1440\",\"keywords\":[\"ETH\",\"ethereum\",\"ethusd\",\"Stablecoins\",\"tether\",\"USD Coin\",\"USDC\",\"USDT\"],\"articleSection\":[\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/\",\"url\":\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/\",\"name\":\"Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg?fit=2560%2C1440\",\"datePublished\":\"2022-01-20T19:00:30+00:00\",\"dateModified\":\"2022-01-20T12:36:44+00:00\",\"description\":\"The stablecoin market has undergone a shakeup as USD Coin (USDC) has overtaken USD Tether (USDT) on the Ethereum blockchain. USD Coin Supply On Ethereum\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg?fit=2560%2C1440\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg?fit=2560%2C1440\",\"width\":2560,\"height\":1440,\"caption\":\"Tether Vs USD Coin Stablecoins On Ethereum\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/wncen.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum","description":"The stablecoin market has undergone a shakeup as USD Coin (USDC) has overtaken USD Tether (USDT) on the Ethereum blockchain. USD Coin Supply On Ethereum","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/","og_locale":"en_US","og_type":"article","og_title":"Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum","og_description":"The stablecoin market has undergone a shakeup as USD Coin (USDC) has overtaken USD Tether (USDT) on the Ethereum blockchain. USD Coin Supply On Ethereum","og_url":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-01-20T19:00:30+00:00","article_modified_time":"2022-01-20T12:36:44+00:00","og_image":[{"width":2560,"height":1440,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum","datePublished":"2022-01-20T19:00:30+00:00","dateModified":"2022-01-20T12:36:44+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/"},"wordCount":438,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg?fit=2560%2C1440","keywords":["ETH","ethereum","ethusd","Stablecoins","tether","USD Coin","USDC","USDT"],"articleSection":["Ethereum"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/","url":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/","name":"Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg?fit=2560%2C1440","datePublished":"2022-01-20T19:00:30+00:00","dateModified":"2022-01-20T12:36:44+00:00","description":"The stablecoin market has undergone a shakeup as USD Coin (USDC) has overtaken USD Tether (USDT) on the Ethereum blockchain. USD Coin Supply On Ethereum","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg?fit=2560%2C1440","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg?fit=2560%2C1440","width":2560,"height":1440,"caption":"Tether Vs USD Coin Stablecoins On Ethereum"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum","url":"http:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/stablecoin-usd-coin-overtakes-tether-ethereum\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg?fit=2560%2C1440"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethusd","stablecoins","tether","usd coin","usdc","usdt"],"dateCreated":"2022-01-20T19:00:30Z","datePublished":"2022-01-20T19:00:30Z","dateModified":"2022-01-20T19:00:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/stablecoin-usd-coin-overtakes-tether-ethereum\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/stablecoin-usd-coin-overtakes-tether-ethereum\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg?fit=2560%2C1440\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethusd\",\"stablecoins\",\"tether\",\"usd coin\",\"usdc\",\"usdt\"],\"dateCreated\":\"2022-01-20T19:00:30Z\",\"datePublished\":\"2022-01-20T19:00:30Z\",\"dateModified\":\"2022-01-20T19:00:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/01\/drawkit-illustrations-5xlHjrzQO54-unsplash-scaled.jpg?fit=2560%2C1440","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/481590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=481590"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/481590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/481604"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=481590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=481590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=481590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}