Tether's Dollar-Pegged Stablecoin Controls Two-Thirds of the Market, Up 20% in Market Share Over the Past Two Years
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September 16, 2024
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Tether's Dominance in the Stablecoin Market
According to a report from Cointelegraph, Tether's USD-pegged stablecoin, USDT, currently controls two-thirds of the entire stablecoin market after widespread adoption over the past two years. Data from Token Terminal shows that USDT's market share has increased by over 20% in the last two years (growing from 55% to 75%), with its supply reaching $118 billion. This makes USDT currently hold over 75% of the entire stablecoin market.
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