Tether's dollar-denominated stablecoin already controls two-thirds of the market and has gained 20% market share in the past two years.
2024-09-16 15:13:37
On September 16th, according to Cointelegraph, after widespread adoption in the past two years, Tether's dollar-denominated stablecoin currently controls two-thirds of the entire stablecoin market. Token Terminal data shows that the USDT market share has increased by more than 20% (from 55% to 75%) in the past two years, and the supply has reached $118 billion, which now accounts for more than 75% of the entire stablecoin market.
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