Compartir este artículo
Tether's USDT Stablecoin Market Share Rises to Highest Level in 15 Months
USDT’s market share among stablecoins surpassed 54% on Monday, its highest level since November 2021.
Por Krisztian Sandor
The dominance of Tether’s USDT is rising among stablecoins amid an ongoing shakeup of the $136 billion stablecoin market.
USDT’s market share among stablecoins surpassed 54% on Monday, data from CoinGecko shows. This is the largest market share Tether’s stablecoin has reached since late November 2021, after the crypto bull market reached its apex.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
Tether’s gain came mostly at the expense of rival Binance USD, which has been in rapid decline since its issuer, Paxos, announced on Feb. 13 that it would halt minting new BUSD tokens due to pressure from the New York Department of Financial Services, the state’s top regulator. Since then, BUSD has shrunk below $9 billion from a $16 billion market capitalization.
USDT’s market capitalization has grown some $5.3 billion this year so far to $71.6 billion, with $3 billion of the gains after mid-February. Circle’s rival stablecoin, USD coin (USDC), has also gained $3 billion since the Paxos announcement; however, its $44 billion market cap is still lower than at the start of 2023.
Stablecoins have become the backbone of the crypto economy in recent years, ballooning to a peak market capitalization of$188 billion in May 2022. They peg their price stable to an external asset, such as the U.S. dollar, and serve as a facilitator for trading on exchanges and making transactions between central bank-issued fiat money and the digital asset world.
Tether’s position as issuer of the world’s dominant stablecoin defies its historically opaque reporting about its reserves backing the value of USDT and heavy scrutiny of its internal dealings. Last week, the Wall Street Journal reported that Tether used bank accounts accessed by falsified documents in 2018. In September, a New York judge ordered Tether to present financial records on USDT’s reserve assets in a lawsuit that alleges Tether conspired to issue USDT to prop up the price of bitcoin , CoinDesk reported.
USDT is the most traded cryptocurrency with some $27 billion of trading volume in the past 24 hours, according to CoinGecko, larger than BTC.
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
Bitcoin Holds Near $92K as Selling Cools, but Demand Still Lags
ETF inflows have finally turned positive, but weak on-chain activity, defensive derivatives positioning, and negative spot CVD show a market stabilizing without the conviction needed for a sustained move higher.
Lo que debes saber:
- Bitcoin markets in Asia are stabilizing but remain structurally weak, with short-term holders dominating supply.
- U.S. ETF flows have shown signs of stabilization, but on-chain activity remains near cycle lows, indicating weak capital inflows.
- Bitcoin and Ether have seen price recoveries driven by spot demand and improved sentiment, while gold is supported by U.S. labor data and Fed rate cut expectations.
Top Stories
