Tether stablecoin market share falls below 60% for the first time since March 2023
According to Jinse Finance, DeFiLlama data shows that although the stablecoin market has reached a historic high of over $283 billion, Tether's market dominance is declining, dropping to 59.55%, the lowest level since March 2023. For the first time in over two years, Tether's share in the stablecoin market has fallen below 60%, indicating that the market is expanding at an unprecedented pace. Analysts state that the passage of the GENIUS Act could accelerate institutional adoption and push the market size far beyond its current scale, with the total stablecoin market capitalization potentially reaching $1.2 trillion by 2028.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The current TVL of the RWA sector is reported at $15.076 billion.
A whale deposited 5.96 million USDC into HyperLiquid and opened a long position.
WLFI pre-market price reaches 0.37 USDT, up over 34% in 24 hours
A Bitcoin OG deposits another 2,000 BTC into HyperLiquid and swaps them for ETH.
Trending news
MoreCrypto prices
More








