Tether Stablecoin Dominance Hits Highest Point in 18 Months
Stablecoin tether (USDT) continues to dominate the market as traders and investors shun major rivals in favor of the world’s largest digital asset pegged to the US dollar.
A view of USDT’s market dominance shows the asset has been increasing steadily over the last 18 months, according to Blockworks Research data.
An analysis of stablecoin supply composition shows the asset is now at its highest point in terms of total market share since at least July 12, 2021 — at 56.
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