Bullish Research Director: TON Network’s native support will consolidate USDT’s market dominance

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On May 9, according to Coindesk, Bullish research director Sylvia To said that Tether has already dominated stablecoins, and its integration with the TON (Telegram) network may further promote its development.

Stablecoin issuance has grown significantly over the past six months, from $122 billion in October 2023 to $157 billion in April 2024. Among stablecoin providers, Tether (USDT) has surpassed $100 billion, dominating the stablecoin market with over 70% market share. The TON network announced in April that it would introduce native support for USDT, which could further boost USDT's market dominance.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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