Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
USDT cements leadership with 72% hold on stablecoin market
USDT breaks new grounds, marking a 72% stronghold in the stablecoin landscape.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
The stablecoin market is witnessing an undeniable dominance by Tether (USDT), which currently holds an impressive 72% market share, a feat not seen since early 2021. This dominance is not a resurgence but a continued demonstration of Tether's unwavering dominance, which has historically allowed it to outperform other stablecoins in circulation.
While the influence of its closest competitor, USDC, is dwindling below 20% dominance, USDT has reached a new milestone with a circulating supply of 88.5 billion.
A closer look at this supply reveals it's distributed across multiple blockchains, with 48 billion on Tron and 40 billion on Ethereum.
$1.00 +0.02% (24H)
- Market Cap
- $188.25B
- 24H Volume
- $76.29B
- Circulating Supply
- 188.48B
- Stablecoin Dominance
- 63.0%
