Summary
- "Tether (USDT) holds 72% of the stablecoin market, they reported.
- This is seen as a significant increase from the 50% level in 2022.
- The weekly issuance volume of 3 billion dollars is said to be a similar level to the 2021 bull market."
The market dominance of Tether (USDT) as a stablecoin has strengthened. On the 29th (local time), the hypothetical asset account Satoshi Club stated through X that "USDT holds 72% of the stablecoin market," adding that "in 2022, it was at the 50% level." Furthermore, they evaluated that "the weekly issuance volume of USDT was 3 billion dollars," which is similar to the level of the 2021 bull market. Since November, the total issuance of USDT has reached 13 billion dollars.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
