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The stablecoin market is heating up as USDC outpaces USDT in growth, fueled by regulatory tailwinds. Tether still dominates with a 66% market share, but Circle’s USDC is gaining traction among institutions.
- Tether (USDT) holds a 66% stablecoin market share, while USDC follows with 28%.
- USDC's growth has accelerated due to favorable U.S. crypto regulations post-November 2023.
- Ethena’s USDe offers a 19% average yield, competing with established stablecoins via CEX and DeFi integrations.
📎 Related coverage from: cointelegraph.com