The stablecoin market has reached a total value of $171.03 billion, with Tether ($USDT) being the dominant player with a market share of 69.58%. Other notable stablecoins include USDC, DAI, and FDUSD. Tether is also the most traded stablecoin with a daily trading volume of $69.4 billion. The stability and trust in Tether are highlighted by its high demand in decentralized finance and exchanges. Overall, stablecoins hold a market share of 7.72% in the crypto market and continue to be useful for transactions and as a reliable store of value.



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