Tether (USDT) exceeds $100 billion, capturing over 70% of the stablecoin market. Q1 2024 report reveals $4.52 billion profit from U.S. Treasury holdings and 5.6 million active addresses.
Herfindahl index used to analyze Tether's market concentration: USDT scores 0.00708164, USDC 0.00981202, and DAI 0.00331652. USDT on TON network introduction may lead to more evenly distributed supply.
USDT dominates TRON transactions at 98.2%. The potential impact of Telegram's 900 million users supporting USDT on TON network on Tether wallet distribution.
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