Based on modern numbers, USDT dominated nearly 60 % on August 29. It is the weakest rope since March 2023.
However, the USDT market value is $ 168 billion and Circle’s USDC is $ 70.37 billion-both of which are at all levels. So the material size of coins is greater, but the market share is under the control of each of them.
The competitors are competing
According to numbers DevilleThe first half of 2024 witnessed the dominance of USDT by approximately 70 %. Then USDC had about 18 % of the market.
This number increased and is now about 30 %. Dai, which was used to capture about 3.5 %, decreased to 1.85 %. These amendments indicate that the money transforms between stablecoins and not get out of space.
Source: DefiLlama
One new symbol emerges
Etheina promotes Usde. It was offered in December 2024, which is already the dominance of 4.32 % with the market value of $ 12.25 billion.
This is a quick rise to the distinctive symbol that just came out late last year. Trump is linked World Liberty Financial USD It holds 0.88 % market share.
The data revealed these numbers along with larger numbers in the market for USDT and USDC, which makes it clear: competition compete with the high number of numbers.
Source: DefiLlama
Markets of organizational pressure forms
Loss of market share in Tether is not just competitors. It has also refused to implement the MICA Stablecoin regulations in Europe, and the USDT exchanges were deleted from certain European lists.
The year of the United States Genius This includes new transparent obligations for Stablecoin. These repairs make compliance more consideration in the future market share.
Investors choose options
It seems that some institutions and merchants love Stablecoins that are supported by exporters who adhere to new regulations. Others try the latest symbols or models that provide alternative types of support or charts.
This is one of the reasons why the USDC class is expanding quickly and why it can gain small symbols like USDE to share quickly. But the absolute expansion of USDT and USDC indicates that the industry as a whole grows even if its inner formation turns.
The market share is not fixed
This stage should mention the readers that the market share can change even when the groups rise. Usdt decreased to 60 % useful because it represents the first time since March 2023 that dominance has touched these levels.
It also refers to a market where the options of compliance and the design of new products and expatriates are all important.
Distinctive image from Unsplash, tradingvief chart
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