The stablecoin market is in one of its most thunderous growth phases, with the combined market capitalization of the sector reaching a new milestone—one that is now well over $230 billion. This figure is largely being pushed by the sector’s two heavyweight champions, Tether (USDT) and the politically-linked USD1, which has enjoyed a surprising, meteoric rise to stablecoin prominence. With its sights firmly set on the political mega-universe of the U.S., the latter stablecoin has also drawn a hefty 75% of that previous $230 billion figure into its coffers. Make no mistake: This sector isn’t some fringe financial oddity. Stablecoins
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