{"id":37884,"date":"2024-09-16T18:54:17","date_gmt":"2024-09-16T18:54:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tethers-usdt-stablecoin-market-share-rises-to-over-75\/"},"modified":"2024-09-16T18:54:17","modified_gmt":"2024-09-16T18:54:17","slug":"tethers-usdt-stablecoin-market-share-rises-to-over-75","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tethers-usdt-stablecoin-market-share-rises-to-over-75\/","title":{"rendered":"Tether\u2019s USDT stablecoin market share rises to over 75%"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/tether-what-is-cryptocurrency-price-charts-crypto-exchange-usdt-905962-1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/tether-what-is-cryptocurrency-price-charts-crypto-exchange-usdt-905962-1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/tether-what-is-cryptocurrency-price-charts-crypto-exchange-usdt-905962-1-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/tether-what-is-cryptocurrency-price-charts-crypto-exchange-usdt-905962-1-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Tether (USDT) market share has risen to 75%, up from 55% in two years.<\/li>\n<li>Tether generated $400 million in revenue in the last 30 days.<\/li>\n<li>USDT on crypto exchanges hit a record $20.3 billion in August 2024.<\/li>\n<\/ul>\n<p>Tether (USDT), the world\u2019s largest stablecoin, now commands over 75% of the stablecoin market, a rise of 20% in just two years. This growth reflects increasing adoption of USDT as a primary bridge between fiat currency and cryptocurrency.<\/p>\n<p>With a USDT supply of $118 billion, Tether has seen rapid expansion, supported by strong financial performance and strategic advancements.<\/p>\n<h2>Tether\u2019s surging market share<\/h2>\n<p>According to data from Token Terminal, Tether\u2019s market share in the stablecoin sector has surged from 55% to 75% over the past two years.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ICYMI: <a href=\"https:\/\/twitter.com\/Tether_to?ref_src=twsrc%5Etfw\">@Tether_to<\/a> has grown its market share from 55% to 75% over the past 2 years.<\/p>\n<p>1) Tether&#8217;s USDT supply is $118 billion<br \/>2) Tether&#8217;s market share is 75%<br \/>3) Tether has made (an estimated) $400 million in revenue in the past 30 days <a href=\"https:\/\/t.co\/IFxXGY0UYg\">pic.twitter.com\/IFxXGY0UYg<\/a><\/p>\n<p>\u2014 Token Terminal | @ TOKEN2049 \ud83c\uddf8\ud83c\uddec\ud83d\udcca (@tokenterminal) <a href=\"https:\/\/twitter.com\/tokenterminal\/status\/1835661598200942987?ref_src=twsrc%5Etfw\">September 16, 2024<\/a><\/p>\n<\/blockquote>\n<p>With a USDT supply of $118 billion, this growth solidifies Tether\u2019s dominance in the market, as its stablecoin has become a crucial tool for investors transitioning between fiat currencies and cryptocurrencies.<\/p>\n<p>The firm\u2019s significant revenue generation supports this rise. In the 30 days leading up to September 16, 2024, Tether generated an impressive $400 million in revenue. This follows a record-breaking first quarter of 2024, where the company netted over <a href=\"https:\/\/coinjournal.net\/news\/tether-profit-hit-a-record-5-2-billion-in-first-half-on-2024\/\">$5.2 billion in profits<\/a>.<\/p>\n<p>Notably, $3.52 billion of this profit came from Tether\u2019s investments in Bitcoin and gold, while $1 billion was derived from operating profits.<\/p>\n<p>These figures emphasize Tether\u2019s ability to generate value beyond its core stablecoin business, particularly through strategic asset allocations.<\/p>\n<p>As Tether continues to expand, the company is focusing on building a stronger compliance team. It has set a target to double its workforce by mid-2025, with a particular emphasis on hiring compliance specialists.<\/p>\n<p>This move coincides with the recent appointment of Jesse Spiro, PayPal\u2019s former head of regulatory relations, to strengthen its government affairs team, signalling Tether\u2019s commitment to long-term stability and regulatory compliance.<\/p>\n<h2>USDT on exchanges hits record high<\/h2>\n<p>Another significant indicator of Tether\u2019s growth is the USDT balance on crypto exchanges, which reached a record $20.3 billion in August 2024. This marks a notable milestone, as traders stockpile USDT for potential market opportunities.<\/p>\n<p>In bearish conditions, investors often convert their volatile crypto assets into stablecoins like USDT to shield their portfolios from uncertainty.<\/p>\n<p>Conversely, in bullish phases, the accumulation of stablecoins suggests a readiness to invest in cryptocurrencies when prices dip.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/tethers-usdt-stablecoin-market-share-rises-to-over-75\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Tether (USDT) market share has risen to 75%, up from 55% in two years. Tether generated $400 million in revenue in the last 30 days. USDT on crypto exchanges hit a record $20.3 billion in August 2024. Tether (USDT), the world\u2019s [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":37885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37884"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=37884"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/37885"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=37884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=37884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=37884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}