Tether’s USDT continues to dominate the stablecoin landscape, now accounting for 73% of all activity.
With over 165 million wallets and millions more on exchanges, USDT has become a key financial tool in regions with currency instability and limited banking access—especially across Asia, which drives nearly half of its global volume.
Its influence extends deep into trading, serving as the base pair for over 900 crypto assets and powering 35% of all trading volume. Despite past scrutiny over reserves, Tether now reports nearly $120 billion in U.S. Treasuries and holds $5.6 billion in liquidity.
USDT’s growth has paralleled the explosive rise in active stablecoin wallets, which jumped from 19.6 million to 30 million in just 12 months. As stablecoins evolve into mainstream settlement tools, Tether’s accessibility and liquidity have made it the first choice for both retail and institutional traders.
Still, regulatory pressures are mounting. Proposed U.S. laws like the STABLE Act aim to impose stricter requirements on issuers. Critics argue that such policies could inadvertently disadvantage global players like Tether while offering limited protections in decentralized markets.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/tether-solidifies-lead-as-stablecoin-giant-with-73-market-share/