Stablecoin Market Tops $300B as Circle Targets 40 New Markets
- —Stablecoin market cap is $300.1 billion, down 0.9% over 30 days
- —USDT holds $182.3 billion, or 60.7% of the market; USDC holds $71.7 billion
- —USDC supply fell nearly 5% in a month, while USDT slipped less than 1%
- —Circle plans to enter about 40 emerging and developing markets
Why it matters: Stablecoins are shifting from trading tools to payment infrastructure, and Circle's expansion could sharpen USDC's competition with USDT.
Source: Crypto Daily