Tether USDt

<ul><li>Whale Alert reports a frozen address with 28M USDT, indicating shifts in the stablecoin market.</li><li>Tether’s USDT market share drops from 82% to 74% in 2024 due to competition and demand for regulated stablecoins.</li><li>MiCA regulation boosts USDC&#39;s market share, with exchanges delisting non-compliant stablecoins for European users.</li></ul>Renowned blockchain tracker and analytical platform Whale Alert has recently <a href="https://x.com/whale_alert/status/1811903782512427465" rel="noopener noreferrer nofollow">revealed</a> in an X post that an address containing 28,257,162 USDT (equivalent to $28,267,638) has been frozen. This significant event is part of broader shifts and developments in the stablecoin market.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcmZch_qczE6JqqrirwxtJ7z6SE3x_6n8sPkVAViMMP7PK-fDZC9gmJSvBG2I8BIeA2fSCLXDL--9F2CKklEQo7rdpd11MFLwLHzLbBwd1ZhvVbgFgk79EuOnzPsUy_6m_LKs335K1Mwxrk3J1A9I8m7V0?key&#61;U1DMUzrkqADD9vk9MKnCgA" />Stablecoins have continued to be in demand and taking market share of fiat currencies, even with the failures and <a href="https://www.spglobal.com/en/research-insights/special-reports/stablecoins-a-deep-dive-into-valuation-and-depegging" rel="noopener noreferrer nofollow">de-pegging</a> of some stablecoins in the recent past. The market is still highly centralized, with Tether’s USDT still dominating the scene. However, it has declined in the past two years even though it was once the market giant.<a href="https://cryptotale.org/tether-faces-decline-amidst-rising-stablecoin-competition-and-regulatory-changes/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Tether Faces Decline Amidst Rising Stablecoin Competition and Regulatory Changes

CryptoTale

Alte articole publicate pe 15 iul. 2024

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