Tether Is Winning Stablecoin Battle Despite Looming Risks

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Arca
March 27, 2023
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Tether Is Winning Stablecoin Battle Despite Looming Risks
Arca
Littlebanc
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2 mins
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.

By Vicky Ge Huang

Source

The Wall Street Journal

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