While Tetherâs dominance has fallen from 76% to 56%, USDC and BUSD have surged from 13.7% and 3.40% to 23.9% and 10.4% respectively.
Treasury plots stablecoin crackdown even as Tetherâs dominance wanes
The U.S. Treasury plans to crack down on stablecoins despite Tether's declining market dominance, which has dropped from 76% to 56%, while competitors USDC and BUSD have grown significantly from 13.7% to 23.9% and 3.40% to 10.4% respectively.
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