>"The Bitcoin dominance has been unrivaled for the past decade. It continues to define the cryptocurrency market in a way that no other currency or token has done. It has reached as high as 86% dominance of the entire cryptocurrency market for the past decade. Beyond being the first to market, it remains the gateway crypto to own for most new crypto holders.
But in the last few years, Bitcoin has had an unexpected competitor - stablecoins. Unexpected because the cryptoverse has always been a battle of technology. While people were betting on alternative technologies that could best deliver the promises of Bitcoin, Tether (USDT) was quietly launched in late 2014 by a group called Tether Limited.”
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