Circle’s USDC beats Tether USDT in market cap surge during 2024
USDC’s massive growth in 2024 marked the stablecoin’s steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
USDC’s massive growth in 2024 marked the stablecoin’s steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
JPMorgan warns HyperliquidX growth threatens Circle’s USDC model
HyperliquidX's rise could reshape stablecoin competition, challenging USDC's dominance and prompting strategic shifts in the crypt...
JPMorgan warns Hyperliquid’s growth threatens Circle’s USDC economics
Hyperliquid's growth could reshape stablecoin economics, pressuring Circle's revenue model and prompting broader industry yield-sh...
Bolivia Weighs Folding Tether’s USDT Into Its National Payments System
Bolivia is considering whether to bring Tether’s USDT into its national payments system, letting the stablecoin circulate alongsid...
JCB partners with Circle to integrate USDC for 40 million merchants
The partnership could revolutionize global payment systems by bridging traditional card networks with stablecoin technology, enhan...
US Government Shifts $12.36M in ETH, USDC and USDT to Coinbase After Monday’s BTC Move
The U.S. government moved $12.36 million in ether, USDC and USDT out of a Bitfinex hack seizure wallet on Tuesday, July 14, sendin...
Binance bets on becoming a crypto super app amid stablecoin growth
Binance's expansion into a crypto super app could redefine financial access, challenging traditional finance and influencing globa...