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In spite of impending risks, Tether is winning the stablecoin war

  • 👤 Carla Adams
  • 👁 985
  • ⏰ Published: 2024-01-06 Time: 16:44:02
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    March 27, 2023 5:30 am ET

    Tether’s growing dominance coincides with a decline of the overall stablecoin market. Photo: Erhan Demirtas/Bloomberg News

    Tether is continuing to extend its lead in the battle for the stablecoin market. However, its growth isn’t without controversy.

    Already the world’s largest stablecoin by market cap, tether’s value has increased by more than $5 billion in the past two weeks to about $79 billion, according to CoinMarketCap data. 

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    Author: Carla Adams

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