supply recently hit a new all-time high ~$191 B, showing strong demand for liquidity in crypto markets. Crypto News
Stablecoins like USDT remain crucial for trading, hedging volatility, and moving capital across exchanges.
📈 Dominance & Usage
USDT still dominates the stablecoin space, holding the largest market share versus rivals like USDC — though competition and regulatory pressures are increasing. The Financial Express
The dominance supports deep liquidity and broad exchange integration.
⚠️ Risks & Stability
S&P Global recently downgraded USDT’s stability rating, citing reserve composition with some volatile assets such as Bitcoin and gold. FinanceFeeds
This doesn’t mean de-pegging now, but highlights reserve transparency and risk profile concerns that traders watch carefully.
🔮 Outlook
Bullish factors
Growth in supply and continued demand for digital dollars.
Integral role in DeFi, exchange settlement, and capital flows.
Bearish risks
Regulatory scrutiny and stability rating pressures.