What is the market share of USDC and Tether in the cryptocurrency industry?

3 answers

• Paul ViennaSep 11, 2021 · 4 years ago
  USDC and Tether are two popular stablecoins in the cryptocurrency industry. While it's difficult to determine the exact market share, both stablecoins have gained significant traction in recent years. USDC, issued by Circle and Coinbase, has seen rapid growth and is widely used in various decentralized finance (DeFi) applications. Tether, on the other hand, is the most widely used stablecoin and has a dominant presence in the crypto market. It is often used as a trading pair on many exchanges and is known for its liquidity. Overall, both USDC and Tether play important roles in the cryptocurrency ecosystem, but Tether currently holds a larger market share due to its early adoption and widespread usage.
  710

  355
• Private UserOct 21, 2021 · 4 years ago
  USDC and Tether are two major stablecoins in the cryptocurrency industry. While the exact market share may vary, Tether has been the dominant player in the stablecoin market for quite some time. It has a long-established presence and is widely accepted across various exchanges and platforms. USDC, on the other hand, has been gaining popularity and has seen significant growth in recent years. It is often used in DeFi applications and has gained trust among users due to its transparency and regulatory compliance. In terms of market share, Tether currently holds a larger portion, but USDC is catching up and has the potential to challenge Tether's dominance in the future.
  676

  226
• Prashant KumarFeb 14, 2022 · 3 years ago
  USDC and Tether are two well-known stablecoins in the cryptocurrency industry. While Tether has been the leading stablecoin for a long time, USDC has been gaining traction and has become a popular choice among users. Tether's market share is still significant, as it is widely used for trading and has a strong presence in the market. On the other hand, USDC has gained popularity due to its transparency and regulatory compliance. It is often used in DeFi platforms and has become a preferred stablecoin for many users. In terms of market share, Tether currently holds a larger portion, but USDC is steadily increasing its presence and could potentially challenge Tether's dominance in the future.
  698

  175