Why Circle’s (USDC) Is Best Placed To Challenge Tether’s (USDT) Stablecoin Dominance

March 27, 2020 | By | Reply | 16 Readers More

  • OKEx exchange announces addition of ten USDC crypto pairs including Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).
  • Following a successful start of the year, can Circle’s stablecoin challenge Tether (USDT) as the top stable crypto?

On Monday, March 23, 2020, one of the largest crypto exchanges, OKEx announced the addition of top 10 crypto to USDC pairs including BTC, LTC, ETH and XRP, ushering in a new chapter for the stablecoin. Being listed on OKEx exchange against the top crypto pairs is slowly setting the coin to a prime position to battle the dominance shown by Bitfinex-affiliated Tether in the past few years.

While the two stablecoins are separated by over $3.5 billion USD in market cap, USDCs recent developments shows Circle is ready to challenge the unshakable USDT. Some of the developments include provision of liquidity on Maker, providing APIs for businesses to…

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