USDT Market Cap dominance reaches 70%

USDT remains the leader among stablecoins, according to CryptoRan.

USDT accounts for 70% of the capital in the world of stablecoins, its capitalization is $117.966 billion, and the average daily volume of USDT trading reaches $37.590 billion.

For the first time in the last two years, USDT capitalization has grown to $170 billion.

USDC and DAI rank second and third in terms of total capital : their supply is $34.848 billion and $5.171 billion.

Analysts also note that the stablecoin market continues to expand. It happens not only with stablecoins tied to the dollar, but also with those tied to other fiat currencies.