Two alternative stablecoins for 2025 as USDC reevaluates redemption fees
Stable coins are an important part of the #cryptocurrency economy and decentralized finance (DeFi) ecosystem, which is currently dominated by two companies. One of them, Circle-owned #USDC , is raising its redemption fee for the second time in 2024, driving demand for alternative stable coins.
As first reported by Bloomberg and explained by Unchained, Circle raised the "standard" USDC redemption fee on October 29. The standard "redemption level" applies to holders who want to skip the usual two-day waiting period for a "basic" redemption and receive the dollar amount immediately, but the fee is higher.
analysts say that this fee increase could slow demand for USDC for trading, investing and preparation by institutional investors and millionaires. Interestingly, this decision was made amidst the loss of USDT market share from #Tether , which Finbold reports has a market capitalization of over $ 120 billion and over 70% control.
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