According to a recent report by COINOTAG dated September 17, data from the blockchain analytics platform, Token Terminal, indicates that the stablecoin USDT issued by Tether has not only expanded in volume but has also reinforced its leadership position. Currently, USDT represents nearly 75% of the total market capitalization of the stablecoin sector, a significant increase from 55% two years prior. The total supply of USDT has seen a substantial rise over the past two years, escalating from approximately $65 billion to a remarkable $118.6 billion.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024