The incredible growth of Tether over the past year was caused by the market demand for stable tokens, which filled the USDT. Until recently, questions about the legitimacy of Tether and Bitfinex were mostly ignored by the market and the USDT was an absolute monopolist, creating 98% of the total trading volume among all stable coins. Over the past week we have seen a loss of confidence in Tether and the market is expected to respond to the fall in the price of USDT against the us dollar. Taking advantage of the situation, other stable coins and exchanges began to create an alternative market. This drop in confidence in the market may signal that Tether has reached its peak of acceptance.