Tether-Issued Stablecoin USDT's Market Share Grows to 75% as Market Cap Tops $118B

Tether's USDT has seen its supply grow from $65 billion to $118 billion, becoming the largest stablecoin and controlling nearly 75% of the market.

Stablecoins like USDT are increasingly essential for bridging fiat and digital currencies, particularly in emerging markets where they facilitate transactions and savings.

With over $97 billion in reserves, Tether generates around $400 million monthly from yields, adding to its robust position in the stablecoin market.

USDT's users cite its liquidity and network effects as primary reasons for choosing it over competitors like USDC, especially during times of market uncertainty.

Read at Coindesk