Since the start of this year, the crypto economy has grown by 41.77% and currently has a market capitalization of $1.17 trillion. However, during this period of growth, the stablecoin economy suffered a significant loss of $7.3 billion in just 140 days.
Cryptory.net - Crypto users are fleeing Circle's stablecoin USDC and switching to Tether's USDT, which is reaching the highest market share over the past 22 months.
The stablecoin battle is becoming fiercer than ever as Binance USD (BUSD) fell out of the top 10 by capitalization. Meanwhile, Tether (USDT) holds more than 50% market share. But will this ratio be maintained as other competitors are not inferior?
