ethena

Tether, with its staggering $100 billion USDT in circulation, has long reigned supreme in the stablecoin realm, encompassing over 70% of the market. Nevertheless, a fresh wave of stablecoin contenders has emerged, poised to rival Tether’s dominance by introducing yield incentives. Challenging Tether’s Hegemony Tether’s stronghold is largely attributed to its investments in US Treasuries,…