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Cryptocurrency Ecosystem => Stable Coins Forum => USDT Forum => Topic started by: sneakyboi on September 26, 2020, 07:50:30 PM

Title: Tether’s Dominance Over Stablecoins Dips Below 80% For The First Time In Years
Post by: sneakyboi on September 26, 2020, 07:50:30 PM

Tether’s Dominance Over Stablecoins Dips Below 80% For The First Time In Years

The leading stablecoin’s dominance has dropped below 80% in the stablecoin market, according to data from Coinmetrics. This is happening for the first time in recent years of stablecoins existence. Tether being the first stablecoin ever has managed to maintain the lead as the dominant stablecoin.

The dominance has been largely due to the fast-growing demand for the stablecoin, mainly in parts of the world where direct buying of Bitcoin or other cryptocurrencies has been forbidden.

Learn more about this news here. (https://zycrypto.com/tethers-dominance-over-stablecoins-dips-below-80-for-the-first-time-in-years/)

Title: Re: Tether’s Dominance Over Stablecoins Dips Below 80% For The First Time In Years
Post by: aiviaa485 on October 16, 2020, 08:02:05 PM

The drop in Tether usage didn't matter because it was just a drop in terms of transactions.
But if it declines in terms of community then it will be a huge danger for the Tether coin.

The logic is that the community will have Tether, even though the transaction is a little bit their alias is Holder.

Title: Re: Tether’s Dominance Over Stablecoins Dips Below 80% For The First Time In Years
Post by: Noverteno on November 12, 2020, 07:23:00 AM

As the number of different stablecoins increases, and as digitized central bank currencies are issued, tether's dominance among stablecoins will inevitably decline.  At the same time, there is a danger that states, as they plan to do in China, may prohibit the use of their national currency as a means of providing foreign stablecoins.  Then stablecoins like tether will simply disappear.

Title: Re: Tether’s Dominance Over Stablecoins Dips Below 80% For The First Time In Years
Post by: jonathancool220 on February 16, 2021, 11:01:59 AM

I think the dominance of Tether is falling because of the emergence of so many competitors in the race for a very good stable coin, for example, is BUSD or stands for Binance United State Dollar.
I often trade on Binance using the mobile application and the first appearance when there was a Pump for famous coins such as Bitcoin, Ethereum and BNB there was already a pair with BUSD and this is proof that BUSD can compete with USDT or Tether.