How does Tether compare to other stablecoins in terms of market capitalization?

3 answers

• Ran YangApr 15, 2023 · 2 years ago
  Tether, also known as USDT, is currently the largest stablecoin in terms of market capitalization. It has consistently maintained its position as the most valuable stablecoin in the market. With a market cap of over $60 billion, Tether is significantly ahead of other stablecoins such as USD Coin (USDC) and Binance USD (BUSD). Its dominance can be attributed to its early entry into the market and its wide acceptance among cryptocurrency exchanges and traders. Tether's market cap is closely tied to its popularity and usage, as it is widely used for trading and as a stable store of value in the crypto space.
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• Terp JosephNov 30, 2022 · 3 years ago
  When it comes to market capitalization, Tether is the undisputed leader among stablecoins. Its market cap is several times larger than that of its closest competitors. Tether's market cap is a reflection of its widespread adoption and usage in the cryptocurrency industry. It is widely accepted and used by traders and exchanges around the world. This has contributed to its dominance in the stablecoin market. Other stablecoins, such as USD Coin and Binance USD, have also gained popularity, but they are still far behind Tether in terms of market capitalization.
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• James McCoySep 23, 2021 · 4 years ago
  Tether, the largest stablecoin by market capitalization, has a market cap that surpasses all other stablecoins combined. With a market cap of over $60 billion, Tether is the go-to stablecoin for many cryptocurrency traders and investors. Its market dominance can be attributed to its early entry into the market and its close ties with major cryptocurrency exchanges. Tether's market cap is a testament to its stability and reliability, as it has maintained its peg to the US dollar despite occasional controversies. Other stablecoins, such as USD Coin and Binance USD, have also gained traction in the market, but they still have a long way to go to catch up with Tether's market capitalization.
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