According to BlockBeats news, on September 17, according to data from the blockchain data analysis platform Token Terminal, the scale of USDT, the stable currency issued by Tether, continues to grow, consolidating its dominant position in the market. Currently, USDT accounts for nearly 75% of the total market value of the stablecoin market, a significant increase from 55% two years ago.

In two years, the supply of USDT has almost doubled, from approximately $65 billion to $118.6 billion. This data demonstrates strong market demand for USDT and the growing importance of stablecoins in the crypto market.