Tether's USDT Stablecoin Market Share Rises to Highest Level in 15 Months

The market share of Tether_to USDT among stablecoins surpassed 54% on Monday, its highest level since November 2021, data by CoinGecko shows. sndr_krisztian reports

to an external asset, usually the U.S. dollar, and serve as a facilitator for trading on exchanges and making transactions between central bank-issued fiat money and the digital asset world.

Tether’s position as the world’s dominant stablecoin defies its historically opaque reporting about its reserves backing the value of USDT and heavy scrutiny of its internal dealings. Last week, The Wall Street Journalthat Tether used bank accounts accessed by falsified documents in 2018.

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