Tether (USDT) Market Share Takes a Hit on Centralized Exchanges
Saturday, 13 July 2024, 03:50
Overview:
The market share of Tether (USDT) on centralized exchanges witnessed a noticeable decline in 2024.
Key Points:
- Market Share Drop: USDT market share on CEXs fell from 82% to 74% during the year.
- Implications: The decline suggests changing investor sentiments or competitive pressures affecting Tether's position.
- Challenges: Tether may encounter difficulties in maintaining its dominance amidst market shifts and increased competition.
Conclusion:
The shrinking market share of Tether (USDT) on centralized exchanges in 2024 highlights the evolving landscape of stablecoin adoption and the challenges faced by Tether in retaining its market dominance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.