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).
This means that if USDC keeps up this pace, it will eventually lap Tether as the major stablecoin on the market.
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.
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