Tether’s USDT market dominance touches new high
Tether USDT’s market dominance has risen to its highest level since November 2021, according to DeFillama data. The top three stablecoins control roughly 92% of the market.
USDT is the dominant stablecoin in the crypto space, with its dominance at 49.18%, while stablecoins like Circle’s USD Coin have a market dominance of 31.05%. BUSD’s dominance stood at 11.52%.