The stablecoin market encountered notable shifts in March, with Ethena’s USDtb making waves by entering the top 10 stablecoins by market cap. This advancement occurs amidst Tether’s substantial 61% loss of market dominance and EURC’s market cap reaching a new all-time high. These developments highlight the rapidly changing dynamics of stablecoins in the cryptocurrency market. Investors should take note of the evolving landscape as competition intensifies, particularly for those favoring alternative stablecoins like USDtb. The growth of Ethena indicates a potential reassessment of stablecoins among traders and investors alike.