Tether’s dollar-denominated stablecoin already controls two-thirds of the market, with a 20% increase in market share over the past two years

PANews reported on September 16 that according to Cointelegraph, after widespread adoption over the past two years, Tether's dollar-denominated stablecoin currently controls two-thirds of the entire stablecoin market. Data from Token Terminal shows that USDT's market share has risen by more than 20% in the past two years (from 55% to 75%), with a supply of $118 billion, and currently accounts for more than 75% of the entire stablecoin market.