USDT Dominates Stablecoin Market with 75% Share and Doubling Supply to $118.6 Billion

ETH

ETH/USDT

$1,580.13

+0.32%

$1,580.13

+0.32%

(24s)

24h Volume

$7,546,443,368.81

24h H/L

$1,589.75 / $1,548.37

Change: $41.38 (2.67%)

Long/Short

75.0%

Long: 75.0%Short: 25.0%

Funding Rate

-0.0002%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,580.02

▲ 0.51%

Volume (24h): -

Resistance Levels

Resistance 3$1,710.96

Resistance 2$1,659.80

Resistance 1$1,613.88

Price$1,580.02

Support 1$1,548.37

Support 2$1,503.95

Support 3$1,244.77

Pivot (PP):$1,573.40

Trend:Downtrend

RSI (14):32.8

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.

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