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Tether's USDT gains $5B as rivals lose $4.2B, boosting its stablecoin market dominance.

Market News
20 May 2026, 23:10 WIB
Bitcoin
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Bullish
Tether's USDT gains $5B as rivals lose $4.2B, boosting its stablecoin market dominance.

Tether's USDT stablecoin supply increased by over $5 billion in the past month, reaching about $189.7 billion and nearly 60% of the stablecoin market. Competing stablecoins USDC, USDe, and PYUSD collectively lost $4.2 billion, reflecting a rotation of funds rather than new market inflows. Regulatory pressures and market risk aversion have pushed investors toward the more established and liquid USDT. This shift consolidates Tether's dominance, while synthetic stablecoins like USDe face significant declines, impacting DeFi protocols relying on them.

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