Tether’s Stablecoin Dominance Wanes as Rivals Emerge
Market Share Decline According to Kaiko Analytics, Tether (USDT), the leading stablecoin, has seen its market share on centralized exchanges (CEXs) drop by 13% this year. This decline is attributed to the rise of competing dollar-pegged assets like FDUSD and USDC. Growing Competition FDUSD: Binance’s zero-fee promotions have boosted FDUSD’s popularity. USDC: Regulated under US…