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TechFlow news, Tether's market share grew by 21% in 2023, now accounting for two-thirds of the stablecoin supply. According to data from The Block, Tether, the company issuing the USDT stablecoin, increased its share of the global stablecoin supply from 50% to 71% during 2023.
In addition, the company recently has over 95 billion stablecoins in circulation, exceeding the GDP of countries such as Guatemala and Bulgaria.
Tether's market share grew by 21% in 2023, now accounting for two-thirds of the stablecoin supply. According to data from The Block, Tether, the company issuing the USDT stablecoin, increased its share of global stablecoin supply from 50% to 71% during 2023. Additionally, the company recently has over 95 billion stablecoins in circulation, a value greater than the GDP of countries such as Guatemala and Bulgaria.
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