Tether stablecoin market share falls below 60% for the first time since March 2023
According to Jinse Finance, DeFiLlama data shows that although the stablecoin market has reached a historic high of over $283 billion, Tether's market dominance is declining, dropping to 59.55%, the lowest level since March 2023. For the first time in over two years, Tether's share in the stablecoin market has fallen below 60%, indicating that the market is expanding at an unprecedented pace. Analysts state that the passage of the GENIUS Act could accelerate institutional adoption and push the market size far beyond its current scale, with the total stablecoin market capitalization potentially reaching $1.2 trillion by 2028.
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