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Tether Dominance Hits Highest Level Since April Amid Bitcoin Decline
Tether’s market dominance has reached its highest point since April 2025, signaling growing risk aversion among investors in the cryptocurrency space. As market turbulence continues, Tether (USDT), the largest dollar-pegged stablecoin, has become a go-to option for those looking to preserve capital. This increase in Tether’s dominance comes amid a decline in Bitcoin’s price, which has dropped by 11% this month, now hovering at $97,630. Historically, such surges in USDT dominance have been associated with the start of bear markets in crypto. Tether’s Role as a Safe Haven Asset Tether, which maintains a 1:1 peg ... (full story)