Stablecoins Market Tightens as Tether and Circle Control 84% of Supply

TLDR: Tether and Circle together control 84.56% of the stablecoin market, leaving 15% for all other projects. USDC settled over $1.2 trillion in transaction volume last month, more than doubling January’s figures. DAI, once the face of decentralized stablecoins, now holds less market share than PayPal’s PYUSD product. Both Tether and Circle can freeze user [...]

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