Tether, a stablecoin denominated in US dollars, controls two-thirds of the market and has seen a 20% increase in market share over the past two years

According to Cointelegraph, after widespread adoption over the past two years, Tether's stablecoin denominated in US dollars currently controls two-thirds of the entire stablecoin market. According to data from Token Terminal, the market share of USDT has increased by over 20% in the past two years (from 55% to 75%), with a supply of $118 billion, and currently holds over 75% of the entire stablecoin market share.