According to BlockBeats, on September 17, data from blockchain data analysis platform Token Terminal showed that the scale of stablecoin USDT issued by Tether continued to grow and consolidate its dominant position.
USDT currently accounts for nearly 75% of the total market value of the stablecoin market, up from 55% two years ago. In two years, the supply of USDT has almost doubled from about $65 billion to $118.6 billion.