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Tether's US dollar-pegged stablecoin now controls two-thirds of the market, with its market share increasing by 20% over the past two years.
According to a report by Cointelegraph on September 16th, after widespread adoption over the past two years, Tether's US dollar-pegged stablecoin currently controls two-thirds of the entire stablecoin market.
Data from Token Terminal shows that USDT's market share has increased by more than 20% in the past two years (from 55% to 75%), with a supply of $118 billion, and currently accounts for more than 75% of the entire stablecoin market.
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