Data: Tether's stablecoin market share significantly increased to 71% in 2023
According to data from The Block, Tether, the issuer of USDT, increased its share in the global stablecoin supply from 50% to 71% in 2023. The number of circulating USDT stablecoins exceeded 95 billion.
Currently, Circle's USD stablecoin (USDC), Tether's main competitor, has only 27 billion in circulation while it surpassed 48 billion at the beginning of 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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