stable currency market

According to reports, Blockworks statistics show that in the stable currency market, USDT has been steadily increasing over the past 18 months. Currently, its market share is at the highest level since July 12, 2021, reaching 56.4%, and has increased by 5.4% in the past 30 days. Data: USDT’s stable currency market share reached 56.4%, reaching an 18-month high Analysis based on this information:The stable currency market has been showing favorable growth prospects over the past 18 months, with USDT emerging as the undisputed leader in this segment. Blockworks statistics reveal that USDT has been steadily increasing its market share and currently commands the highest level since July 12, 2021, standing at 56.4%. This implies that more than half of the stable currency market is dominated by USDT, with the next best contender lagging far behind. The growing popularity of USDT can be attributed to several reasons. Firstly, USDT is a stablecoin pegged to the US dollar, ensuring its price…