The market valuation of tether (USDT) has reached $140 billion, making up 3.75% of the total crypto market. USDT commands 67.31% of the stablecoin realm and has been the top dog in trading volumes throughout the year. Most USDT is issued on the Ethereum blockchain, with a total of 54.94% circulating on this network. While USDT remains the king, other stablecoins like USDC and USDE are also seeing significant growth. However, with new challengers entering the market, the question remains whether USDT can hold onto its dominance.



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