《USDT Market Cap Surpasses $120 Billion: Contributions from Tron and Ethereum》
The market cap of USDT has now exceeded $120 billion, fully demonstrating its dominant position in the stablecoin sector.
In the past nine months, the market cap of USDT has grown by $28 billion, mainly benefiting from the trading volume support provided by Ethereum and Tron, with Tron accounting for over 70% of the trading share.
Despite the increasingly fierce competition in the stablecoin market, user activity for USDT on both the Ethereum and Tron networks remains vibrant.
Due to high Gas fees on Ethereum, some users are turning to Tron, as the latter can offer lower fees and faster transaction speeds.
Additionally, USDT has gained support on second-layer solutions such as Arbitrum and Optimism, further expanding its influence.
Although competitors like USDC lag slightly behind in market cap and trading volume, USDT still faces competitive challenges from other stablecoins.
Its future growth will depend on its ability to address regulatory challenges and maintain transparency, but for now, USDT's position in the stablecoin market remains solid.
