The Tether stablecoin market share fell below 60% for the first time since March 2023.
2025-08-31 02:52:48
According to DeFiLlama data, while the stablecoin market has reached an all-time high of over $283 billion, Tether's market dominance is declining and falling to 59.55%, the lowest level since March 2023, while Tether's share of the stablecoin market has fallen below 60% for the first time in more than two years. This also means that the market is expanding at an unprecedented rate. Analysts say the passage of the GENIUS Act could accelerate institutional adoption and make the market far larger than it has ever been, with the total stablecoin market cap likely to reach $1.20 trillion in 2028.
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