USDC on exchanges doubled in January while Tether's dominance fell to new lows

[newshunter]

USDC on exchanges doubled in January while Tether's dominance fell to new lows

USD Coin continues to capture stablecoin market share, with Tether’s stable token dominance falling below 75% for the first time ever.

Source: USDC on exchanges doubled in January while Tether's dominance fell to new lows

Would appreciate your opinion about this

[TomPluz]

USDC can be on the rise and it can be attributed to the continuing trust and confidence bestowed into it by the market. I am just hoping that they do not follow and have learned the many lessons with the debacles that Tether got into the past years. We really need many good players in the stablecoin marketplace as these type of assets are playing a vital role for stability and exchange.

[Fenix]

The strongest will survive in the cryptocurrency market, and this is not surprising. Existing problems with USDT are bound to drive up demand for other potential stablecoins.
In the near future, the stablecoin market may change significantly when the digitized currencies of the central banks of states, and above all the Chinese digitized yuan, will appear in large quantities. Therefore, the next changes await us in this market.

[bigcash2011]

USDC has been considered a good alternative to usdt now especially due to a lot of suspicious and critic on usdt and also its legal status in US. The company however claims to be clear and compliant so this situation has compelled some users to move to alternatives and usdc seems to be the top choice.