Tether dominates with a 62% market share and commensurate revenue, with USDT and Circle’s USDC accounting for 83% of ...

The decision is due to declining usage of USDT on these networks over the past two years and as the company moves its focus to newer platforms such as Layer 2s.

Tether has decided to suspend USDT redemption on five blockchains. This includes Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand.

A new U.S. law threatens to cement the dominance of a shape-shifting dollar over the euro — and every other currency.