According to the latest analysis data from coinmetrics, Tether is still the largest stablecoin and has been released on multiple blockchains. USDT-Omni and USDT-ETH have become increasingly decentralized. "signal of. However, USDT-TRX has remained almost 100% centralized, which indicates that USDT has not been used as a medium of exchange in the wave field. In addition, the number of other stablecoin transfers over Tether in the past thirty days means that USDT's dominance in the stablecoin market may be declining.