Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

USDT now controls over 70% of the stablecoin market—basically a monopoly. Tether's market share jumped from 50% to 71% in 2023, and they just hit nearly $100B in total supply after issuing another $1B on Jan 12. That's more than the GDP of entire countries.



Meanwhile, Circle's USDC is stuck at $27B and they're filing for an IPO with the SEC. Not exactly a threat.

Bonus: Tether's Bitcoin portfolio is sitting at $3B and generating serious returns. Plus, the new CEO Paolo Ardoino is getting cozy with U.S. law enforcement—frozen over $435M in illicit funds already.

The stablecoin wars are basically over. Tether won.
USDC-0.02%
BTC6.13%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)