Stablecoins have reached a remarkable market cap of 271.1 billion USD, driven by USDC’s growing dominance on Ethereum. Despite USDT’s international leadership, its influence is declining on Ethereum, whereas it continues to thrive on the TRON network.
Currently, USDC facilitates over 20 billion USD in daily transfers, eclipsing USDT’s range of 12-15 billion USD. The entry of USD1 into the market under recent U.S. Regulations may introduce more competition, affecting future market dynamics.
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