USDT solidifies dominance as the stablecoin market dips below $131B.
USD Coin (USDC) and Binance USD (BUSD) face significant declines.
Over the past month, a significant shift in the world of cryptocurrencies has unfolded. The total market capitalization of stablecoins has slightly decreased, slipping below the $131 billion mark. This surprising trend is worth exploring, as it deviates from the usual upward trajectory stablecoins have witnessed over the past years.
Despite the overall drop, not all stablecoins have been affected equally. Tether (USDT), one of the most popular and largest by market cap, has strengthened its dominance in the market, further asserting its standing as the go-to stablecoin for most investors. Meanwhile, other leading stablecoins have continued to lose market share, underlining a growing polarization in the stablecoin landscape.
A Closer Look at Tether’s Rise
Tether’s increase in market dominance aligns with its surge in market capitalization, which cu
We współpracy z: https://thenewscrypto.com/is-usdt-building-a-strengthened-supremacy/
