Tether's Market Dominance Falls Below 60% for First Time Since 2023
Tether's market dominance has dropped to 59.55%, its lowest level since March 2023, marking a significant shift in the stablecoin market. Despite a high market cap of $168 billion, this decline highlights increasing competition, particularly from Circle's USDC, which has reached a market cap of $70.37 billion.
Tether's Market Dominance Falls Below 60% for First Time Since 2023
Tether's market dominance has dropped to 59.55%, its lowest level since March 2023, marking a significant shift in the stablecoin market. Despite a high market cap of $168 billion, this decline highlights increasing competition, particularly from Circle's USDC, which has reached a market cap of $70.37 billion.
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