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Tether Maintains Stablecoin Dominance Amid Growing Market Competition
Tether Maintains Stablecoin Dominance Amid Growing Market Competition
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Tether continues to command the stablecoin market with a 66% share, generating $14 billion in profits despite rising competition. Its dominance stems from widespread adoption across exchanges and significantly higher usage volumes compared to rivals.
USDC emerges as the primary challenger, buoyed by favorable US regulatory conditions, yet still trails far behind Tether’s market penetration. The stablecoin sector’s rapid evolution signals potential long-term shifts in the cryptocurrency landscape.
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