Tether (USDT) is the largest stablecoin by market capitalization, widely used for trading and as a medium of exchange across various blockchain networks.
Bolivia is considering recognizing USDT as legal tender to navigate foreign currency shortages, potentially impacting regional adoption of stablecoins.
New data from Dune Analytics indicates a clear split in stablecoin utility: USDT is the go-to for crypto payments, while USDC is the preferred choice for decentralized finance applications.
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