Tether’s competitors are exerting increasingly more pressure to push the world’s largest stablecoin issuer out of the crypto market, including political pressure aimed at reducing the firm’s leading market share.
In the wider crypto markets, analysts are suggesting that most cryptocurrencies won’t see a widespread “altcoin season” rally in 2025, and only select tokens with sustainable investor interest and revenue-generating models will be able to outperform the rest of the tokens.
Paolo Ardoino: Competitors and politicians intend to “kill Tether”
Tether’s competitors are working to push the world’s largest stablecoin issuer out of the crypto market, according to the company’s CEO, Paolo Ardoino.
Tether, the issuer of the world’s largest stablecoin, USDt (USDT ($1.00)), has a market capitalization of more than $142 billion — over twice as large as Circle’s USD Coin’s (USDC ($1.00)) $56 billion, according to Cointelegraph data.
However, the stablecoin issuer faces mounting pressure from competing firms and politicians, Ardoino said in a Feb. 25 X post creator solana token
