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Tether Is Winning Stablecoin Battle Despite Looming Risks

wsj

4 min read . Updated: 27 Mar 2023, 04:32 PM IST The Wall Street Journal

An illustration picture taken in London on May 8, 2022, shows gold plated souvenir cryptocurrency Tether (USDT), Bitcoin and Etherium coins arranged beside a screen displaying a trading chart. (AFP) — An illustration picture taken in London on May 8, 2022, shows gold plated souvenir cryptocurrency Tether (USDT), Bitcoin and Etherium coins arranged beside a screen displaying a trading chart. (AFP)

Stablecoin’s value has risen by more than $5 billion in past two weeks

Tether is continuing to extend its lead in the battle for the stablecoin market. However, its growth isn’t without controversy.