Data: USDT Stablecoin Market Share Rises to Around 75%, Market Cap Surpasses $118 Billion
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September 17, 2024
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On September 17, data from blockchain data analytics platform Token Terminal showed that Tether's stablecoin USDT not only continues to grow in size but has also solidified its dominance, currently accounting for nearly 75% of the total stablecoin market capitalization, up from 55% two years ago. Over the past two years, the supply of USDT has nearly doubled, rising from approximately $650 billion to $1186 billion.
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