At the beginning of the year, Tether (USDT) market dominance was at around 94%, with the token being the main stablecoin being utilized in many exchanges and trading pairs.

However, the year has been a particularly rough one for the leading stablecoin, with regulated competitors such as USDC and GUSD tokens becoming available offering greater transparency than USDT. The loss of investor confidence over the many questionable actions by Tether and Bitfinex have compounded the issue, leading to its market dominance declining to 74% currently.

 

 

 

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