Circle becomes the first MiCAcompliant stablecoin issuer will Tethers dominance be shaken
According to CoinGecko data, the current market capitalization of stablecoins is approximately $161.7 billion USD. Tether’s USDT, issued by Tether, constitutes nearly 70% of this total, with a market capitalization of $112.8 billion USD. Meanwhile, Circle’s USDC has seen a gradual recovery in market capitalization to $32.5 billion USD, accounting for about 20% of the total stablecoin market.
