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Author Topic: USDC Is Growing Faster Than Tether Amid Stablecoin Boom  (Read 4463 times)

Offline sneakyboi

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USDC Is Growing Faster Than Tether Amid Stablecoin Boom
« on: October 22, 2020, 01:33:26 AM »
USDC Is Growing Faster Than Tether Amid Stablecoin Boom

USDC, The US dollar-pegged stablecoin run by crypto exchange Coinbase and payments platform Circle, today announced Solana as its fourth “official” blockchain, after Ethereum, Algorand and Stellar.

Upon the announcement, the market cap of USDC jumped up by $53 million to $2.791 billion, according to metrics site CoinMarketCap. The coin, which is now the 13th largest by market cap, traded $566 million in the past 24 hours. What's more, at this pace, its growth now exceeds that of its chief competitor Tether (USDT), even if Tether's overall market cap is still far larger.


Learn more about the news here.
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USDC Is Growing Faster Than Tether Amid Stablecoin Boom
« on: October 22, 2020, 01:33:26 AM »

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Offline Oxumare

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Re: USDC Is Growing Faster Than Tether Amid Stablecoin Boom
« Reply #1 on: October 22, 2020, 04:55:11 PM »
USDC has recently announced that it has made Solana its official network. Ethereum's falling back due to transaction fees and transaction speed during the DeFi craze definitely helped USDC to take this move.

Offline IyemRoker

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Re: USDC Is Growing Faster Than Tether Amid Stablecoin Boom
« Reply #2 on: November 20, 2020, 04:54:34 AM »
Both are stable coins and the difference is that Tether was created early on the OMNI network and USDC was created on the Ethereum network.
But if you look at the thread of this post, USDC has a good level of competition for Tether when compared to other stable coins.

But unfortunately technological advances and market capacity are still the main Tether when compared to USDC.
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Re: USDC Is Growing Faster Than Tether Amid Stablecoin Boom
« Reply #3 on: December 03, 2020, 07:59:22 AM »
VISA will open access to the USDC stablecoin for selected customers with the status of a bank card issuer, it will not store or provide these payments, it will only post transactions. Funding and settlement will remain with the USDC owner Circle and Coinbase. Stablecoins are increasingly entering our lives.

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Re: USDC Is Growing Faster Than Tether Amid Stablecoin Boom
« Reply #4 on: October 21, 2021, 04:33:57 AM »
USDC also certainly has its own uniqueness for its market cap because USDC has a very large market cap just like BUSD and also certainly has its own advantages over the ERC20 network for USDC coins.
USDC also often sues Tether because Tether minted stable coins without a proper Fiat USD reference and this proves that USDC has the right Fiat USD reserves.
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