The End of Tether? Why A Structural Shift In The Market Spells Trouble For USDT

Tether (USDT) is the largest stablecoin in the market, with a market capitalization of over $86 billion as of May 2023. Despite the concerns about the current state of the cryptocurrency market, Tether has continued to dominate the stablecoin space, with its supply growing significantly since the beginning of 2023. However, there are signs that new competitors may challenge its dominance in the future.USDT’s Reign Over?
According to the researcher and founder of DeFiance Capital, ArthurOx,