The stablecoin’s market cap has risen 10% this year
Turmoil in the dollar-backed cryptocurrency world has helped tether, the largest stablecoin, to increase its lead.
So far this year, tether’s market cap has risen 10% to $73 billion while that of its chief rival, USD Coin, fell by more than 11% to $39 billion, according to CoinMarketCap data. Binance USD has fallen by almost half to just over $8 billion.
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