USDT Dominates Stablecoin Market with Over 5.8 Million Wallet Holders, Far Surpassing USDC and DAI

As revealed by CoinGecko data on September 15, the cumulative number of holders of the top ten stablecoins has surged to 8.7 million. Dominating this space, the foremost three stablecoins—USDT, USDC, and DAI—constitute a commanding 97.1% of these holders. Leading the pack, USDT boasts in excess of 5.8 million wallets, overshadowing its closest rival, USDC, which has approximately 2.2 million wallets. The remaining eight stablecoins collectively have fewer than 1 million wallets, with DAI holders maintaining just over 505,000 wallets. This distribution highlights the pronounced market presence and preference towards USDT among cryptocurrency users.