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USDT Dominates Stable Currency Market

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According to reports, Blockworks statistics show that in the stable currency market, USDT has been steadily increasing over the past 18 months. Currently, its m

USDT Dominates Stable Currency Market

According to reports, Blockworks statistics show that in the stable currency market, USDT has been steadily increasing over the past 18 months. Currently, its market share is at the highest level since July 12, 2021, reaching 56.4%, and has increased by 5.4% in the past 30 days.

Data: USDT’s stable currency market share reached 56.4%, reaching an 18-month high

Analysis based on this information:


Blockworks reports a steady increase in the market share of the stable currency USDT over the past 18 months. As of July 12, 2021, USDT’s dominance levels have hit a peak of 56.4%, marking an increase of 5.4% in just a month. Such a substantial growth surge is likely due to a number of factors, including increased demand for stable coins, lack of confidence in other digital currencies, and a strong presence in the market.

One of the reasons for the rise in USDT’s market share is the growing demand for stable coins. Stable coins are rising in popularity due to their ability to maintain the value stability of reserve currencies, such as the US dollar, while avoiding the volatility of other digital currencies. USDT, in particular, is gaining popularity as its value is pegged to the US dollar, making it a reliable store of value.

Another reason may be due to reduced confidence in other digital currencies that have been facing volatile fluctuations. The traditional cryptocurrency market can experience wild swings, often leading to boom and bust cycles. But with USDT, it provides a much safer and more stable investment option which has been faring well amidst recent crypto price turbulence.

USDT’s strong presence in the market also contributes to its dominance. The increasing number of centralized exchanges, where traders buy and sell various digital currencies, have benefitted USDT greatly. In fact, over 70% of Bitcoin trading volume occurs through USDT. As such, USDT has become a popular cryptocurrency trading currency, which further supports its adoption as a staple currency in the market.

In conclusion, USDT has established itself as a robust and reliable currency in the stable coin market. Its success is due to the growing demand for stable coins, lack of confidence in other digital currencies, and its strong presence in the market. With its remarkable performance over the past 18 months, USDT is expected to continue its upward trend, making it a potential hedge against market volatility.

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