USDT and USDC drop to 83.6% market share as rivals like USDe, PYUSD, and bank coins gain ground. Ethena’s USDe surges to $14.7B, leading new yield-bearing stablecoins reshaping the market. ING, UniCredit, JPMorgan, and Citi push into stablecoins, challenging Tether and Circle’s dominance. Tether’s USDt (USDT) and Circle’s USDC (USDC), the two largest stablecoins by market capitalization, are showing signs of losing their long-standing dominance in the digital asset sector. Despite both tokens growing in absolute market cap, their combined […]
