2026-01-13 14:38:15

The market performance of stablecoin U has attracted attention. According to data, the market capitalization of this stablecoin has exceeded $400 million. Notably, on January 4th, the coin experienced a large-scale minting of hundreds of millions of dollars in a single day, indicating that market demand remains strong.

More in-depth data comes from the distribution of holdings. Currently, the Top 10 holders of U account for 97.93% of the total circulating supply, a very high concentration. The largest holder, Huobi: Recovery, holds 30.6% of the total, indicating a significantly high concentration of holdings.

This highly concentrated holding structure reflects institutional confidence in the stablecoin, but it also means there is some market risk exposure. The future trend will depend on the ongoing development of this stablecoin ecosystem.

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ContractExplorer

· 01-13 15:01

97.93% concentrated in the top 10? Isn't that just centralized with a different disguise?

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CryptoGoldmine

· 01-13 14:59

97.93% concentrated in the Top 10, we need to see how the actual liquidity depth looks --- Huobi account recovery holding 30.6%, essentially the ecosystem team is defending the market --- Hundreds of millions of dollars minted daily, sounds very lively, but with such a large risk exposure, caution is necessary --- I agree that the demand for stablecoins is hot, but this kind of holding structure wouldn't look like this if it were in Bitcoin --- A market cap of 400 million with 97.93% concentration, we need to look again at the true intentions of the institutions --- Institutional confidence and risk exposure are often two sides of the same coin; this time, the latter is more worth being cautious about

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