USDT, USDC Make Up 94% of Major Stablecoin Supply
JH Kim
Summary
- Tether's USDT and Circle's U.S. dollar stablecoin USDC account for 94% of the supply of major stablecoins.
- Stablecoins other than USDT and USDC made up just 6% of total supply.
- With the strong market dominance of USDT and USDC, newer stablecoins are competing for a limited share of the market.
Forecast Trend Report by Period
Tether's USDT and Circle's USDC account for 94% of the supply of major stablecoins.
Cointelegraph reported on Sept. 9 that USDT and USDC held a combined 94% share.
That left the rest of the stablecoin market with just 6% of total supply.
As USDT and USDC maintain their strong market dominance, newer stablecoins are competing for a limited share of the market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.