USDT has consistently maintained strong resilience and dominance across various market conditions: In bull markets, it’s the absolute core of market liquidity and serves as the foundational settlement medium for crypto asset trading. During bear cycles, it remains the market leader, acting as the go-to stable asset for investors seeking safety and managing positions. In volatile markets, its position has never wavered, continuing to be the key channel for capital entering and exiting the market. Currently, USDT accounts for about 59% of the total stablecoin supply. In centralized exchange scenarios, thanks to its long-established network effects and unmatched trading pair depth, it has secured approximately 74% of stablecoin trading volume, cementing an irreplaceable market advantage within the crypto trading ecosystem.