The Stablecoin Shift: USDT Faces Competition from Regulated Banking Entrants
The Evolving Landscape of Digital Dollars Tether (USDT) currently holds its position as the dominant stablecoin in the global cryptocurrency market, serving as a primary digital dollar alternative for millions of users across exchanges and borders. As of May 2024, the landscape is shifting as regulated bank-issued stablecoins emerge to challenge USDT’s long-standing supremacy. This…