Tether Stays On Top, But These Three Competitors Are Closing In On USDT

The recent passage of the GENIUS Act introduced a new regulatory framework for stablecoins, such as Tether (USDT), drawing increasing attention from traditional and cryptocurrency firms. Tether’s Regulatory Challenges And Rising Rivals With the stablecoin market growing from $120 billion in October 2023 to $288 billion as of August, Tether’s USDT continues to hold its position as the largest stablecoin. However, the Motley Fool team has identified three emerging contenders that are poised to disrupt the company’s dominance and present significant competition. Tether commands nearly 60% of the stablecoin market, but it has not been without controversy source: https://www.newsbtc.com/news/tether-usdt/tether-stays-on-top-but-these-three-competitors-are-closing-in-on-usdt/