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Cryptocurrency News

Circle’s USDC on track to topple Tether USDT as the top stablecoin in 2022

07/05/2022

Less than a minute

2022.07.05 23:25

Circle's USDC on track to topple Tether USDT as the top stablecoin in 2022
Circle’s USDC on track to topple Tether USDT as the top stablecoin in 2022

The growth of Circle’s native stablecoin USD Coin (USDC) in the last two months compared to its $66-billion rival giant Tether (USDT) is nothing short of spectacular.

Notably, USDC’s market capitalization has grown by 8.27% since May, reaching its highest level of $55.9 billion on July 2. In contrast, USDT has suffered an over 19% drop in its market valuation, currently treading around $66.14 billion.

07/05/2022

Less than a minute