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3 reasons why USDC stablecoin dropping below $50B market cap is Tether’s gain

The market capitalization of USD Coin (USDC), a stablecoin issued by U.S.-based payment tech firm Circle, has dropped below $50 billion for the first time since January 2022.On the weekly chart, USDC's market cap, which reflects the number of U.S. dollar-backed tokens in circulation, fell to $49.39 billion on Sep.

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Tether’s reported bank partner Capital Union shares its crypto strategy

Capital Union, a Bahamas-based bank that reportedly holds a portion of reserves by the Tether (USDT) stablecoin issuer, has been itself actively involved in the cryptocurrency industry.The banking institution has rolled out crypto trading and custody services to its professional clients as part of the bank's trading desk, a spokesperson

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Circle’s USDC stablecoin gobbles Tether’s market share with 50B milestone

The world’s second-largest stablecoin by market capitalization keeps on growing as it erodes the dominance of the current leader, Tether.The stablecoin landscape is a constantly-shifting dynamic but one trend has become clear over the past year or so — Tether’s dominance is diminishing.Its main rival, Circle, has just reached a

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