Stablecoin duopoly ending as USDT, USDC dominance falls to 84%
Tether's USDt and Circle's USDC, the top stablecoins by market cap, have seen a decline in their combined market share, dropping to 84% from a peak of 91.6% in March 2024. This decline, noted by analyst Nic Carter, suggests a shift in the stablecoin landscape