USDT Volume Up Despite Tether’s Stablecoin Dominance Dropping

The continued drama surrounding the opaque operations of Tether throughout 2018 facilitated the proliferation of a myriad of stablecoins, leading to a waning in USDT’s dominance over the stablecoin markets. Despite the drop in market dominance, USDT trade volume is up 100% since Tether’s dramatic decoupling from its dollar-peg in October.

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