Tether Dominates Stablecoin Market with Record $243 Billion Value

Stablecoins, such as Tether USD Coin (USDT), experienced significant growth this week, reaching a record market capitalization of $243.8 billion. This surge comes fueled by investors’ growing confidence in these coins, which have added over $38 billion in assets since the beginning of 2023. Tether holds the largest market share at nearly $151 billion, accounting for 62% dominance.