DWF Ventures Analyzes USDTs Prospects of Dominating Competitive Stablecoin Market

TheStreet

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Summary

Tether dominates with a 62% market share and commensurate revenue, with USDT and Circles USDC accounting for 83% of transactions. This dominance has spurred new projects like Stable and Plasma, both backed by Tether, to optimize USDT for broader use cases such as payments, remittances, and enterprise DeFi.

Source: TheStreet

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