Tether & Circle: Market Dominance in U.S. Dollar Stablecoin Sector

The stablecoin landscape is experiencing a significant shift with Tether and Circle leading the charge. Their combined control of over $227 billion in stablecoins represents 1.1% of the US dollar supply, highlighting their considerable economic influence. Tether alone holds $142 billion in circulation, dominating nearly 90% of the market. This dominance is attributed to Tether’s substantial holdings of U.S. Treasury securities – a record that rivals national financial reserves.