USDT’s stablecoin market share rose to 57.5%, a new high since June 2021

According to the stablecoin report released by CryptoCompare, as of March 20, 2023, the total market value of stablecoins fell 1.34% to $133 billion, the lowest since September 2021, and has fallen for the 12th consecutive month. In addition, the market value of USDT increased by 8.06% month-on-month to $76.6 billion in March, and its market share rose to 57.5%, a new high since June 2021.