Since the beginning of 2023, USDT capitalization has grown by 30%, from $66.24 billion to $86.12 billion.
According to the DefiLlama platform, the share of USDT in the total capitalization of all stablecoins amounts to 68.76%.
The second largest stablecoin is USD Coin (USDC), which is issued by the American company Circle.
Earlier we reported that Brazilians are using stablecoins rather than dollars to hedge against inflation and USDT is present in more than 80% of all crypto transactions there.