Sylvia To, head of research at Bullish, said that Tether is already dominant in stablecoins, and its integration with the TON (Telegram) network could further advance its development.
The issuance of stablecoins has grown significantly over the past six months, from $122 billion in October 2023 to $157 billion in April 2024. Among stablecoin providers, Tether (USDT) surpassed $100 billion, dominating the stablecoin market with over 70% market share. The TON network's announcement in April that it would introduce native support for USDT could further boost USDT's market dominance.
Bullish Research Director: Native support for TON network will strengthen USDT's market dominance
2024-05-08 16:53:27
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