Tether holds 59% of the $320B stablecoin market

Tether continues to dominate the stablecoin landscape, commanding a 59% share of a market now valued at $320 billion. The figure underscores how deeply USDT remains embedded in global crypto liquidity, from exchange settlement to cross-border transfers.

The remaining 41% is split across competing stablecoins including USDC, DAI, and a growing field of newer entrants — but none has meaningfully closed the gap with Tether's structural lead in trading volume and on-chain circulation.

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