USDT’s Market Dominance and Its Implications

At press time, Tether’s dominance in the stablecoin sector is unparalleled, with USDT capturing a commanding 70% market share. Its closest competitor, USDC, holds around 20.8%. The vast majority of stablecoin market capitalization is thus concentrated in these two assets, reflecting a significant preference for stability amidst the volatile crypto environment.&middot

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