USDT Soars to $140B: Tether Dominates the Stablecoin Market
Tether (USDT) has reached an impressive market cap of $140 billion, representing 3.75% of the $3.73 trillion crypto market.
Dominating the stablecoin sector, USDT controls 67.31% of the $208 billion market, with 76.92 billion coins issued on Ethereum and 61.75 billion on Tron. In just 12 months, USDT’s supply surged by $50 billion, with 20 billion new coins minted in the past 40 days alone. Despite strong competition from USDC and newer entrants like USDE, Tether remains the leader in trading volume. However, with challengers on the rise, the future of USDT’s dominance remains uncertain.
Clever Robot News Desk 17th December 2024
