Tether asserts almost 75% dominance in stablecoin market Acco | Crypto Calendar News
Tether asserts almost 75% dominance in stablecoin market
According to Glassnode data, the stablecoin market continues to grow, with the combined market capitalization of the top five stablecoins surpassing $150 billion. Leading the pack is Tether (USDT), which alone boasts a market cap of $112 billion — solidifying its dominance with nearly 75% market share, a level not seen since January 2021. Tether’s significant holdings in US Treasuries highlight its crucial role in the acquisition of US debt.
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