Tether USDt

USDC

BUSD

<ul><li>Tether&#39;s market share has retreated from all-time highs of nearly 20% relative to the top stablecoins.</li><li>The total market cap for the top 5 stablecoins has fallen 5 straight quarters, bucking the downward trend.</li><li>Competitors like USD Coin and Binance USD are gaining market share through big partnerships and DeFi growth.</li></ul>The stablecoin market has witnessed a noteworthy transformation, with the market shares of top contenders fluctuating and one coin demonstrating remarkable resilience amid the changing tides. According to recent data from <a href="https://research.kaiko.com/insights/altcoin-dominance-hits-4-month-high" rel="noopener noreferrer nofollow">Kaiko</a>, TUSD&#39;s market share has begun retreating from its all-time highs, which once neared an impressive 20% relative to the leading stablecoins.In a recent tweet, data provider Kaiko reports that Tether&#39;s market share has declined from recent all-time highs as other stablecoins gain ground:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1ca4145df8ae4fa89b0463e0fd510a63.png" />Kaiko&#39;s latest analysis revealed that the total market capitalization of the top five stablecoins has faced a downturn over the past five consecutive quarters, indicating a potential shift in investor preferences and market dynamics. While this trend impacts most stablecoins, USDT and TUSD have emerged as exceptions, maintaining their market caps amidst the fluctuations.Kaiko reported that the combined market cap of the five largest stablecoins has fallen for five consecutive quarters:Read full article at <a href="https://cryptotale.org/stablecoin-market-shares-experience-a-shift-as-tusd-shows-resilience/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Stablecoin Market Shares Experience a Shift as TUSD Shows Resilience

CryptoTale

Other articles published on Jul 26, 2023

Litecoin Price Prediction 2024: Will LTC bounce back from $80?

Ripple Has Partnered With The Island Nation!

Ethereum’s New Contender in Generative Art: Highlight’s Bold Venture

Cool Cats NFT Joins Reddit’s Gen 4 Collectible Avatars Drop

Dogecoin Community Tells Elon Musk It Regrets Losing Doge as Twitter Logo to 'X'

Bspin: A Trailblazer in the World of Crypto Gambling for Punters

Join our free newsletter for daily crypto updates!