USDC is rising strongly, and USDT is being "broken"? Which stablecoin do you support?
According to the latest data, USDC's trading volume this year has surpassed USDT and become the market leader. Since 2024, USDC has been grabbing market share, with trading volume reaching $456 billion last week, while USDT's trading volume was $89 billion.
Since January, USDC has also accounted for 50% of total trading volume, mainly due to its cooperation with Visa.
I think there are two reasons for the strength of USDC:
1) It is backed by the United States. The US government has been cooperating with Circle, the issuer of USDC, and there is Coinbase behind USDC, so it is not difficult to understand why the United States supports USDC so much.
2) USDC is more eager to be transparent. Its collateralized fiat currency will be audited every month, and the audit report will be published on the official platform of CENTRE, and the entire industry will know the amount of collateral.
Although USDT's market share is still not small, in terms of reliability, Mengge also recognizes USDC. To some extent, USDC is the safest stablecoin.