12-11-2021, 06:15 AM
USDC is starting to catch up to USDT. This might be the best news for the crypto com
<!-- SC_OFF --><div class="md"><p>USDC started 1/1/2021 with a market cap of $4 billion and not it’s $41 billion (10x increase). Tether (USDT) on the other hand increased from $26 Billion to $ 76 Billion ( 3.6x increase).</p> <p>This means that if USDC keeps up this pace, it will eventually lap Tether as the major stablecoin on the market.</p> <p>Lets be honest, we all know how shady Tether is and that it frequently lies about its backup. I would welcome any other real 1:1 ratio stablecoin like USDC or EURST or even UST (which I think would be the best option honestly) to take the major spot on the market.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/a_softy_potato"> /u/a_softy_potato </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rdk3en/usdc_is_starting_to_catch_up_to_usdt_this_might/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rdk3en/usdc_is_starting_to_catch_up_to_usdt_this_might/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>USDC started 1/1/2021 with a market cap of $4 billion and not it’s $41 billion (10x increase). Tether (USDT) on the other hand increased from $26 Billion to $ 76 Billion ( 3.6x increase).</p> <p>This means that if USDC keeps up this pace, it will eventually lap Tether as the major stablecoin on the market.</p> <p>Lets be honest, we all know how shady Tether is and that it frequently lies about its backup. I would welcome any other real 1:1 ratio stablecoin like USDC or EURST or even UST (which I think would be the best option honestly) to take the major spot on the market.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/a_softy_potato"> /u/a_softy_potato </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rdk3en/usdc_is_starting_to_catch_up_to_usdt_this_might/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rdk3en/usdc_is_starting_to_catch_up_to_usdt_this_might/">[comments]</a></span>Kind Regards R