Tether’sstablecoin dominance reaches 22-month high

Tether USDT’s market cap over the last month has surged by more than 12%, currently reaching close to $80 billion.

With this, Tether alone grabs more than 60% share of the $132 billion stablecoin market. The outflows from USDC and the fall of the BUSD stablecoin have contributed to Tether’s rise.