Unveiling the Top Searched Stablecoins Worldwide: An In-Depth Analysis

Cryptomaniaks, a prominent online Bitcoin casino, recently uncovered a fascinating trend: Tether remains the most-searched-for stablecoin worldwide. Over a year, the investigation studied Google Trends data, focusing on the top stablecoins per the influential market resource, CoinMarketCap.

Tether (USDT) – The Stablecoin Giant

Tether (USDT) stole the limelight as the globe’s most sought-after stablecoin. Conceived and released by the Hong-Kong-based powerhouse, Tether, this cryptocurrency has been on a relentless upward trajectory. 

As of September 2020, Tether has flooded the market with 14.4 billion USDT tokens. Moreover, it boasts an impressive $21,345,225,989 trading volume, cementing its top position.

TRIBE Coin – The Rising Contender

Following closely is TRIBE coin, clinching the second position in global search queries over the previous year. The phrase “buy tribe” reached its zenith in the inaugural week of May.

TRIBE coin isn’t just any cryptocurrency; it holds the esteemed role as the governance token for the FEI algorithmic stablecoin. With a circulating supply of a solid 1,000,000,000 TRIBE coins, it’s no surprise it’s gaining attention.

USD Coin – Pegged to Power

Third on the list is the USD Coin, with the term “buy USD coin” experiencing a sharp spike in May. This stablecoin, precisely pegged to the U.S. dollar on a 1:1 basis, currently maintains an impressive 29,603,455,359 USDC coins in circulation, offering an appealing option for its buyers.

Binance USD Coin – A Sought-after Stability

The Binance USD coin, the fourth most searched stablecoin globally, had its moment of fame in February, with search queries for “buy Binance USD” skyrocketing, quadrupling its average search volume. This 1:1 USD-backed stablecoin has a circulating supply of 5,544,850,540 BUSD coins, further underscoring its popularity.

Dai – Holding Steady in the Rankings

Dai lands as the world’s fifth most Googled stablecoin. Holding a circulating supply of 4,861,024,127 DAI coins, this steady-price cryptocurrency wields a live market cap of $4,861,635,791, underscoring its prominence in the stablecoin market.

Cryptocurrency Interest – A Global Trend

An official spokesperson from Cryptomaniaks shared insights on these findings, highlighting that “With governments worldwide increasingly regulating cryptocurrencies, interest in them continues to grow. This data offers a fascinating glimpse into the interest levels in crypto options tied to other currencies.”

The future of the crypto market promises to be thrilling as it evolves, adapts, and reacts to global trends and changes. Observing which coins surge in popularity and which struggle to keep pace with the evolving market dynamics will be compelling.

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