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Struggle for Stablecoin Dominance Set to Enter Third Round
Struggle for Stablecoin Dominance Set to Enter Third Round
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The competition for stablecoin dominance is entering a third phase. Companies such as Tether and Circle are setting up their positions as the industry faces increased regulation from the European Union’s Markets in Crypto Assets (MiCA) regime and U.S. legislation. This latest stage will feature banks and payment firms integrating stablecoins into their existing businesses. Stablecoins, blockchain-based tokens that mimic U.S. dollars, have become big business. Tether’s USDT is the clear leader.
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