Until not too many months ago it was commonly believed that among the most important stablecoin in existence, Tether was the one with the most problems.
Over time, however, the story has turned out to be very different.
Tether: triumph in the stablecoin market
Having emerged unscathed from the problems of 2022, USDT‘s market capitalization has now not only reached a new all-time high a few weeks ago, reaching $83.3 billion, but has far surpassed that of all its competitors.
As noted by Tether’s own CTO, Paolo Ardoino, USDT’s current market capitalization is 3 times that of the closest competing stablecoin (USDC), and 2 times the sum of the market capitalizations of all competing stablecoins.
Stat of the day$USDt market cap is 3x it’s closest competitor and 2x the sum of the competitors all together.
— Paolo Ardoino (@paoloardoino) July 7, 2023
In fact. compared to Tether’s (USDT) $83.3 billion, USD Coin (USDC) only capitalizes just under $27.5 billion, which is almo
We współpracy z: https://en.cryptonomist.ch/2023/07/10/stablecoin-tether-triumph-over-all-others/
