Tether’s USDT hits 75% market share amid record exchange balances

Tether’s USDT stablecoin now controls more than 75% of the stablecoin market, marking a substantial increase from 55% in 2022, according to data released on Sept. 16. The growth reflects the increasing demand for USDT as a trusted intermediary between fiat currencies and digital assets. With a circulating supply of $118 billion, USDT has seen […] The post Tether’s USDT hits 75% market share amid record exchange balances appeared first on CryptoSlate.