header banner
  • Menu
Default

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

  • 👤 Carla Adams
  • 👁 1912
  • ⏰ Published: 2024-01-06 Time: 16:44:02
Table of Contents

    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. 

    Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Sources

    Article information

    Author: Carla Adams

    Last Updated: 1704555842

    Views: 1912

    Rating: 3.8 / 5 (32 voted)

    Reviews: 81% of readers found this page helpful

    Author information

    Name: Carla Adams

    Birthday: 2016-11-15

    Address: 813 Robin Lodge Suite 203, South Robertside, OK 59946

    Phone: +4575878317154197

    Job: Investment Banker

    Hobby: Board Games, Badminton, Puzzle Solving, Coffee Roasting, Chess, Robotics, Skydiving

    Introduction: My name is Carla Adams, I am a fearless, valuable, forthright, Determined, esteemed, lively, Adventurous person who loves writing and wants to share my knowledge and understanding with you.