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You might be working on old information as the crypto industry has largely diversified when it comes to stablecoins and Tether is now actually #2 to USDC which
by Sargos 5y ago
You might be working on old information as the crypto industry has largely diversified when it comes to stablecoins and Tether is now actually #2 to USDC which is fully backed. [https://www.defipulse.com/usd https://www.defipulse.com/usd]
If Tether fails it would definitely hurt but it's not an existential threat to crypto.
- pcthrowaway 5y agoThis measures total value circulating. In terms of market cap, Tether still has a pretty clear lead (though I suspect USDC will flip it within the next 1.5 years, and UST in the next 3-4 if it doesn't go into a death spiral before then)