Today news
About the same in other media
30.01 - 00:07
Stablecoin Leader Tether Approaches 100 Billion in Circulation
Reading now: 456
Tether, the issuer of the popular USDT stablecoin, has strengthened its dominance in the stablecoin market by approaching 100 billion tokens in circulation.
The company’s market share expanded significantly in 2023, growing from 50% at the beginning of the year to over 70% as of the end of 2023, according to data from CryptoRank.io.
The 100 billion token milestone further cements Tether’s position as the leader in the stablecoin sector.
USDT Dominance Surpasses 70%
Over the past year, #Tether regurally issued $USDT, resulting in supply growth by nearly $29 billion (+44%). Amid the problems of $USDC and $BUSD, it's dominance surged from 48.1% to 70.9%.
Read more on cryptonews.comAbout this in other media
Blockchain Startup Figure Technologies Seeks US Regulatory Approval for Interest-Bearing Stablecoin cryptonews.com /3 months ago
Solana Price Prediction as Stablecoin Transfers Hit Monthly Record of $300 Billion – SOL Adoption Rising? cryptonews.com /3 months ago
Tether Market Cap Nears $95 Billion; Promising Outlook for Aave and InQubeta Gains cryptonews.com /3 months ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
