by: xpoolPosted on:

Tether Dominates Stablecoin Market Despite Competition

Despite emerging challengers, Tether’s USDt remains the frontrunner in the stablecoin market. Data from research firm Nansen reveals that Tether currently holds a substantial 66% market share among US dollar-pegged stablecoins, even as competition intensifies. As of April 25th, USDC (USDC) holds approximately 28%, while Ethena’s USDe stablecoin trails in third place with less than 3%. Nansen predicts Tether’s dominance will persist despite the potential for rapid growth by rivals like USDC. ]

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