Tether's stablecoin market share falls below 60% for the first time since March 2023

According to Golden Finance, DeFiLlama data shows that although the stablecoin market reached an all-time high of over $283 billion, Tether's market dominance and is falling and falling to 59.55%, the lowest level since March 2023, and Tether's share in the stablecoin market fell below 60% for the first time in more than two years also means that the market is continuing to expand at an unprecedented rate. Analysts said that the passage of the GENIUS Act may accelerate institutional adoption and make the market size far exceed the existing scale. The total market value of stablecoins in 2028 may reach US$1.2 trillion.