Stablecoin market surges past $160 billion, reaching a two-year peak

Tether's USDT has propelled the stablecoin market to over $160 billion in value, its highest point since the collapse of Terra's UST. According to IntoTheBlock, USDT now comprises over 70% of the stablecoin market, maintaining this dominance throughout 2024. The stablecoin has also recorded all-time low volatility in July, despite broader market retractions.Image: IntoTheBlockUSDT's on-chain... source: https://cryptobriefing.com/usdt-market-growth-stablecoins/