According to ‘The Weekly Report’ by Arcane Research, Tether’s market share currently account for 83% of the total stablecoin market cap. They have also increased steadily since its January 2019 bottom of 69%.
This indicates that Tether has regained its trustworthiness as a fiat-backed instrument, after the influx in regulated dollar-backed stablecoins of late 2018. The entire stablecoin market size has grown from $2.7 billion in January 2019, to its current size of $5.6 billion.
This is lead by an expansion of the Tether supply of 246% in the period.