Tether’s Market Share Dips Below 60% for First Time Since 2023
The leading stablecoin has seen its dominance in the market fall to a level not observed in over a year, indicating a potential shift in the competitive landscape.
USDT
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Terms & Concepts
Tether (USDT): The largest stablecoin by market capitalization, designed to be pegged 1:1 with the U.S. dollar to maintain a stable value.
Market Share: The percentage of a total market controlled by a particular company or product. In this context, it refers to Tether's portion of the total stablecoin market value.