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Total stablecoin supply surpasses $10B, growing more than 70% since February

Celia Wan
·1 min read

The total stablecoin supply hit an all-time high of $10.4 billion on Tuesday, crossing the $10 billion mark for the first time.

Tether still dominates the stablecoin sector with 85.1% of the market share and over $8.8 billion in total supply. USDC ranks second with 7.2% of the market share.

The total supply has seen a steep upswing in 2020 thus far, surging by 79% since the beginning of February, according to The Block's research findings. Alongside the overall growth, Tether's market dominance also grew from 82% in early February to 85%.


© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.