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Report: Holding Stablecoins Will Be More Profitable Than Fiat in 2022

By WebsCryptoJuly 24, 20221 Min Read
Report: Holding Stablecoins Will Be More Profitable Than Fiat in 2022
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Blockchain analytics firm CryptoQuant has released a report evaluating data on stablecoins and the robustness of their pegs. The report found that holding nearly all of the current top-ranked stablecoins throughout 2022 is slightly more profitable than holding actual U.S. dollars.

According to the report, based on volume-weighted price closing data from 2017, nearly all of the top stablecoins have had an all-time daily average close of just above $1.00. Among them, the median daily closing price of DAI was 40 basis points above $1.00.

It turned out to have the highest premium of any stablecoin, with USDP and TUSD at 35 and 33 basis points, respectively. In addition, the report found that of all stablecoins, GUSD has the strongest robustness. This means its price faces little downside volatility even in an environment of high redemption rates.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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