Based on the latest statistics, USDT’s sovereignty has been about 60% on August 29. It is a very weak Tether has since March 2023.
However, USDT’s Market Cap is 168 billion and circle size so much coins are great, but market share under each control is moving.
The height of competitors also make inroads
According to the Mathematics from Defidelama, the first part of 2024 saw SIST SIST is about 70%. USDC has already been 18% of the market.
That figure goes up and now we can about 30%. DAI, used to capture approximately 3.5%, decreased to 1.85%. This correction shows the money it is transferred between stablcins and does not pass the space.
Source: DefiLlama
One new token stands out
The Ethena’s Octide is outstanding. In December 2024, USDE has already had 4.32% of the Capitalization of a market for $ 12,25 billion.
That rapidly climbing token that already out of the past is late. Trump-Associated World Liberty’s USD1 holds 0.88% Share of Market.
Data revealed those statistics and large numbers of USDT and USDC market, making clear: Competition increases while the total amount increases.
Source: DefiLlama
Historical markets for pressing markets
The loss of the Tether market has refused to fulfill the MICA Stablecoin rules for European laws, and exchange removal of USDT from a certain European list.
US has performed an intelligence activity that includes new obligations of the appearance of SteableCoin. Those changes make up the main consideration of who drags market share in the future.
Investors prefer options
Other institutions and merchants seem to love stables and supported by the issues they commit to new laws. Some try new tokens or models offer different support types or plans.
This is one reason why USDC’s assignment is growing fast and why the USDE tokens can receive a grant. But the total increase of USDT and USDC indicates the industry all grown or its inner shape.
Market Share Is Not an item
This phase should remind the learners that the market share can even change even when the totals rise. USDT to 60% is meaningful because it is the first comment since March 2023 that the rulership has affected these standards.
It also points to the market where you choose, product design, and non-all stories.
Picture entered from Unscurcuch, chart from trade transaction
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