Tether stablecoin settled $212 billion worth of value in 2019.  The sharpest jump in USDT transaction volume was recorded in the first half of last year.

According to the study by John Dantoni of The Block, USDT stablecoins were used to transfer about $212 billion in 2019. Dantoni examined the total value of transactions made in Tether coins last year, and found that the most significant quarterly increase in payments occurred in the first two quarters of 2019. Then the value of USDT transactions jumped 220% from $17.4 billion to $55.7 billion.

The study included USDT coins issued on three blockchains, Omni-based bitcoin, Ethereum and Tron.

In the 1st quarter of 2020, the volume of payments in USDT reached $78.9 billion, while the bulk of the transactions came from using coins issued on the Ethereum blockchain. In the second quarter of 2020, the volume of payments fell by 40%, to $52 billion.

The study notes that USDT dominates the stablecoin market (85%).