According to the data on DAppTotal.com's special page of stable currency, as of December 31, the total circulation of USDT was $4.76 billion, an increase of $130 million over the previous month, maintaining a stable growth trend. Total emerging stable currency issuance was us $1.066bn, of which USDC increased from us $457m last month to us $520m, accounting for 48.8 per cent. PAX came in second with a total circulation of $223 million, accounting for 21%; In the third place is TUSD, with a total issuance of $154 million, accounting for 14.4%; DAI ranked fourth with a circulation of $82.63 million. Overall, both USDT and emerging stable currency markets saw a small increase in total issuance over the previous month, with the growth trend relatively stable.

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