CandleFocus

Stablecoin Wars: USDT’s 70% Share Signals a Shift in Preferences

Author: Content Editor
The stablecoin market has seen significant fluctuations, with USDT emerging as the dominant stablecoin, accounting for around 70% of the total market cap. The global market value of stablecoins has reached an estimated $184.02 billion. USDT is preferred for washing coins by regulators and institutions compared to USDC, but USDT's growing market share indicates a changing landscape. USDT is widely used on the Tron blockchain, with approximately $61.7 billion utilized on this network due to its low transaction cost and high TPS. USDC, on the other hand, has gained regulatory recognition and acceptance in traditional financial systems. Despite this, USDT continues to gain market share, fueled by its activity on Tron. The rapid growth of USDT's dominance showcases an important trend in stablecoin development, highlighting user preferences and liquidity in the market. The increase in market share also signifies the significance of infrastructure decisions and geographical preferences in the stablecoin market.

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