The stablecoin Circle USD (USDC) has been growing in market share and approaching the undisputed leader, Tether USD (USDT). Ongoing regulatory developments threaten Tether’s presence in key markets, which could affect the company’s flagship product.
Notably, Circle launched the USDC in September 2018 in a stablecoin market highly dominated by USDT. Over the years, traders and investors welcomed the competition, considering growing concerns about Tether’s reserves and redeemability.
In over five years, the USDC has increased its market cap to $33.34 billion, becoming the sixth-most valuable cryptocurrency. Meanwhile, the USDT grew even more to $111.22 billion and kept third place among the most valuable cryptocurrencies.
Tether’s stablecoin also dominates the trading volume on centralized exchanges, although Circle has a larger presence in DeFi.
USDT vs. USDC – Market cap and volume. Source: Santiment / Finbold
Kraken considers delisting USDT in Europe
However,
We współpracy z: https://finbold.com/will-the-usdc-outperform-usdt-in-2024/
