New Competitors Eating Away At Tether’s USDT Stablecoin Dominance: Kaiko Analytics

Market intelligence platform Kaiko Analytics reports that new competitors are chipping away at Tether’s (USDT) stablecoin dominance. In a new report titled “Tether Loses Market Share,” Kaiko Analytics says that the stablecoin issuer’s market share over centralized exchange platforms (CEXs) has dipped 13% year-to-date (YTD) due to the growth of rival dollar-pegged digital assets, such […] source: https://dailyhodl.com/2024/05/01/new-competitors-eating-away-at-tethers-usdt-stablecoin-dominance-kaiko-analytics/