USDC Competes with Tether’s USDT in $650B U.S. Stablecoin Market

Circle’s USDC is challenging Tether’s dominance in the U.S., where the stablecoin market is valued at $650 billion.

USDT

USDC

175d ago

Summary

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Terms & Concepts

Stablecoin: A type of cryptocurrency designed to maintain a stable value, often pegged to a fiat currency like the US dollar.
USDC (USD Coin): A U.S. dollar-pegged stablecoin issued by Circle, used for payments, trading, and decentralized finance.
USDT (Tether): The largest U.S. dollar-pegged stablecoin, issued by Tether, widely used for trading and cross-border transfers.