Tether (USDT), the largest stablecoin by market capitalization, has seen a significant rise in dominance, sparking discussions about what this means for the broader crypto landscape. The recent surge in USDT dominance suggests that investors are flocking to stablecoins as a safe haven amidst growing economic uncertainties.
Understanding the Rise of USDT Dominance
Tether’s dominance in the cryptocurrency market reflects its increasing share of the total cryptocurrency market cap, a crucial indicator of market liquidity.·
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