Latest data shows that although the total size of the stablecoin market has reached a record high of over $283 billion, the market share of industry leader Tether is showing a downward trend. According to statistics from the DeFiLlama platform, Tether's share of the entire stablecoin market has dropped to 59.55%, marking the lowest level since March 2023.
This data indicates that Tether's dominance in the stablecoin sector has fallen below the 60% mark for the first time, reflecting that the entire market is in a rapid expansion phase. Other stablecoin projects are gradually eating into Tether's market share, providing users with more options.
Industry experts point out that with the gradual clarification of the regulatory environment, especially with the introduction of the GENIUS Act, it may accelerate institutional investors' adoption of stablecoins. Some analysts even predict that by 2028, the total market capitalization of the entire stablecoin market is expected to exceed 1.2 trillion USD.
This trend not only reflects the overall growth of the cryptocurrency market but also highlights the increasingly important role of stablecoins in the digital economy. As the market matures and diversifies further, we may see the emergence of more innovative stablecoin projects to meet the needs of different user groups.
Despite the decline in Tether's market share, its absolute market value is still growing, indicating that the entire stablecoin market is experiencing a healthy expansion period. In the future, with the improvement of regulatory frameworks and advancements in technology, stablecoins are expected to play a greater role in areas such as cross-border payments and financial inclusion.
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MEV_Whisperer
· 09-02 12:46
Why are you in such a hurry to exceed USDT?
View OriginalReply0
FalseProfitProphet
· 09-02 08:23
This is doomed.
View OriginalReply0
GasGuzzler
· 09-01 02:38
Tether really stands out alone.
View OriginalReply0
BridgeNomad
· 08-31 10:50
looks like another liquidity migration cycle tbh... been tracking these patterns since wormhole
Reply0
AirDropMissed
· 08-31 10:46
Favourable Information for other stablecoins?
View OriginalReply0
hodl_therapist
· 08-31 10:37
Tether can't hold up anymore??
View OriginalReply0
ProposalManiac
· 08-31 10:31
History is repeating itself again. The decline of data leadership is a signal of regulatory intervention.
Latest data shows that although the total size of the stablecoin market has reached a record high of over $283 billion, the market share of industry leader Tether is showing a downward trend. According to statistics from the DeFiLlama platform, Tether's share of the entire stablecoin market has dropped to 59.55%, marking the lowest level since March 2023.
This data indicates that Tether's dominance in the stablecoin sector has fallen below the 60% mark for the first time, reflecting that the entire market is in a rapid expansion phase. Other stablecoin projects are gradually eating into Tether's market share, providing users with more options.
Industry experts point out that with the gradual clarification of the regulatory environment, especially with the introduction of the GENIUS Act, it may accelerate institutional investors' adoption of stablecoins. Some analysts even predict that by 2028, the total market capitalization of the entire stablecoin market is expected to exceed 1.2 trillion USD.
This trend not only reflects the overall growth of the cryptocurrency market but also highlights the increasingly important role of stablecoins in the digital economy. As the market matures and diversifies further, we may see the emergence of more innovative stablecoin projects to meet the needs of different user groups.
Despite the decline in Tether's market share, its absolute market value is still growing, indicating that the entire stablecoin market is experiencing a healthy expansion period. In the future, with the improvement of regulatory frameworks and advancements in technology, stablecoins are expected to play a greater role in areas such as cross-border payments and financial inclusion.