Tether still dominates stablecoins despite competition

Tether Stays on Top, But Stablecoin Competition Is Just Getting Started

According to a new report from Web3 analytics firm Nansen, USDT commands about 66% of the dollar-pegged stablecoin market as of late April, leaving competitors like USDC and Ethena’s USDe trailing behind with 28% and just over 2% shares, respectively. Despite faster growth rates from rivals, Nansen predicts that Tether’s advantage will hold. With significantly more users than top DeFi platforms like Uniswap and a commanding lead in transaction v…

Tether still dominates stablecoins despite competition — Nansen – #CryptoUpdatesGNIT

Despite growing competition from emerging issuers, the stablecoin market remains largely dominated by a few key players. According to data from Web3 research firm Nansen, Tether’s USDt continues to lead among US dollar-pegged stablecoins, even as competition intensifies. As of April 25, Tether (USDT) has a roughly 66% market share among stablecoins, compared to around 28% for USDC (USDC), Nansen said in the April 25 report. Ethena’s USDe stablec…

Tether still dominates stablecoins despite competition

Despite growing competition from emerging issuers, the stablecoin market remains largely dominated by a few key players. According to data from Web3 research firm Nansen, Tether’s USDt continues to lead among US dollar-pegged stablecoins, even as competition intensifies.As of April 25, Tether (USDT) has a roughly 66% market share among stablecoins, compared to around 28% for USDC (USDC), Nansen said in the April 25 report. Ethena’s USDe stableco…

Tether holds more than 7.7 tons of gold backing its XAUT token

Stablecoin giant Tether has amassed a total of over 7.7 tons of physical gold to back its tokenized asset, Tether Gold. Tether revealed this via an attestation report, the first the company has issued for its digital asset Tether Gold…

Ledger Live enables stablecoin yields directly from self-custody with new Kiln integration

The feature is pitched as a way to access DeFi yields for USDC, USDT, USDS and DAI without going through "complex processes. "

Stablecoin Market Adds $4.58B in One Week, Nears $240B Milestone

While the broader crypto market enjoyed steady gains last week, the stablecoin sector expanded notably, contributing an additional $4.581 billion to …