USDC Overtakes USDT in Stablecoin Market Surge Amid Regulatory Tailwinds
Circle's USDC has outpaced Tether's USDT in both on-chain growth and market capitalization, marking a pivotal shift in the stablecoin landscape. The regulated dollar-pegged token saw a 72% surge in value year-to-date, reaching $74 billion—more than double USDT's 32% growth during the same period.
Institutional adoption is accelerating as MiCA compliance and Circle's Cross-Chain Transfer Protocol (CCTP) bolster confidence. Transparent reserve audits and regulatory alignment are increasingly becoming decisive factors for payment networks and corporate treasuries navigating crypto markets.
The EU's Markets in Crypto-Assets regulation appears to be a key catalyst, with Circle positioning USDC as the stablecoin of choice for regulated entities. This structural transition reflects broader market demands for transparency and compliance as digital assets mature.