Tether’s $123 Billion Surge Leaves Competitors Struggling to Keep Up
In 2024, Tether’s USDT supply grew by 34%, reaching $123.17 billion, a market cap unmatched by competitors.
With most of its supply on Tron and Ethereum, USDT dominates trading volume globally, securing its place as the leading stablecoin. Despite rising competition from yield-bearing stablecoins like Sky’s USDS and Ethena’s USDE, which aim to attract users with returns and transparency, USDT’s massive lead remains steady.
Its influence, especially as a primary trading pair for major cryptos like BTC and ETH, underscores its dominant role in the crypto ecosystem.
Clever Robot News Desk 11th November 2024
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