Significant market cap growth: USDT’s market cap soared to 140 billion USD, rising from 90 billion USD one year ago. This 50 billion USD growth indicates a robust demand for this stablecoin in the current cryptocurrency landscape.
Ethereum’s dominance in USDT issuance: Ethereum leads USDT issuance, holding approximately 54.94% of circulating supply. This highlights Ethereum’s vital role in the decentralized finance ecosystem and reflects the growing focus on stablecoins in financial transactions.
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