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<ul class="news-points"> 
 <li><strong>USDT boasts a market cap three times higher than its closest competitor.</strong></li> 
 <li><strong>Paolo Ardoino, CTO of Tether, emphasizes USDT’s dominance in the market.</strong></li> 
 <li><strong>USDT’s daily trading volume is $29.4 billion, while USDC is below $5 billion.</strong></li> 
</ul> 
<p>Paolo Ardoino, <a href="https://coinedition.com/tether-faces-liquidation-threat-for-1-5b-btc-holdings-analyst-warns/">the Chief Technology Officer of Tether (USDT),</a> took to Twitter to boast about the performance of the USDT stablecoin against its rivals, sharing impressive statistics highlighting Tether’s dominance in the market. According to Arduino, the market capitalization of USDT is three times higher than its closest competitor and twice the combined market cap of all its rivals.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Stat of the day<a href="https://twitter.com/search?q=%24USDt&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDt</a> market cap is 3x it's closest competitor and 2x the sum of the competitors all together.</p>— Paolo Ardoino 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f350.png" alt="🍐" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@paoloardoino) <a href="https://twitter.com/paoloardoino/status/1677236006079037440?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 7, 2023</a>
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<p>CoinMarketCap data reveals that the total market cap of all <a href="https://coinedition.com/tag/stablecoin/">stablecoins </a>currently stands at a staggering $127.3 billion. Among these stablecoins, Tether takes the lead by a significant margin. With a market cap of $83.4 billion, USDT outshines Circle USD (USDC), its closest competitor, by threefold.</p> 
<p>Specifically, USDC has a market valuation of $27.53 billion. On the other hand, DAI, Binance USD (BUS…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/usdt-boasts-a-market-cap-twice-the-size-of-rivals-put-together-cto/">USDT Boasts a Market Cap Twice the Size of Rivals Put-Together: CTO</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

USDT Boasts a Market Cap Twice the Size of Rivals Put-Together: CTO

Coin Edition

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