Is USDT's Throne as the "King of Stablecoins" Still Secure? In the cryptocurrency market, USDT (Tether) has long been the uncontested "King of Stablecoins." With a market capitalization exceeding $140 billion and a dominant share of over 60% of the global stablecoin market, it serves as the core liquidity tool for exchanges, DeFi protocols, and cross-border payments. However, as regulatory scrutiny intensifies, concerns over reserve transparency persist, and compliant stablecoins like USDC an...