<p>The total stablecoin supply hit an all-time high of $10.4 billion on Tuesday, crossing the $10 billion mark for the first time.</p> <p>Tether still dominates the stablecoin sector with 85.1% of the market share and over $8.8 billion in total supply. USDC ranks second with 7.2% of the market share. </p> <p><img class="size-full wp-image-64965 aligncenter" src="https://www.tbstat.com/wp/uploads/2020/05/image-2-2.png" alt="" width="2000" height="1074" /></p> <p>The total supply has seen a steep upswing in 2020 thus far, surging by 79% since the beginning of February, according to The Block's research findings. Alongside the overall growth, Tether's market dominance also grew from 82% in early February to 85%.</p>