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USDT Grew on Ethereum Through 2024, but Smart Contract Holdings Stalled, BIS Data Show
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The BIS notes that the USDT grew in Ethereum without its balances on smart contracts accompanying that pace. The BIS entry reveals the enigma of the USDT in Ethereum: only 10% of the capital arrives in DeFi aparece primero en Merca2.
A working paper by the Bank for International Settlements finds that the expansion of USDT in Ethereum was not accompanied by a sustained growth of its balances in smart contracts. The difference matters: more stablecoins offer does not in itself demonstrate that there is more capital deployed in DeFi or that tokens are being used for payments.
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