Stablecoin Market Snapshot

Tether controls ~58–60% of the ~$320B stablecoin market—roughly in line with your ~59% estimate.

* Total market: ~$320B+

* USDT supply: ~$185B

* Closest competitor (USDC) is significantly smaller

Stablecoins are highly concentrated, with Tether acting as the primary liquidity layer for crypto markets.

$BTC $ETH

ETHUSDT

Trvl

2,279.63

-1.90%