Tether’s long-held dominance in the stable coin market is experiencing a significant decline, with its market share plummeting to 74% in 2024. This shift coincides with a surge in popularity for USDC (USD Coin), reflecting evolving investor preferences and heightened regulatory scrutiny in the digital asset landscape.
The Decline of Tether’s Market Dominance
Tether (USDT), renowned for its status as the largest stable coin by market capitalization, is facing unprecedented challenges as its market share dwindles.·
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