Why is Tether Stablecoin (USDT) Losing Ground to Its Peers?
Tether’s once-unshakable grip on the stablecoin market loosens as USDC and new contenders rise, reshaping crypto’s financial landscape.
Stablecoins, digital currencies designed to maintain a stable value relative to assets like the US dollar, are pivotal in the cryptocurrency ecosystem for trading, lending, and as a store of value. For years, Tether (USDT) has dominated the stablecoin market, serving as the go-to asset for traders and institutions seeking dollar-pegged liquidity. However, recent data reveals a shift in this dominance.
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