During the Trump administration, USDC's growth rate exceeded that of USDT.
BlockBeats News, October 29th, according to Protos News, during the Trump administration, the U.S. stablecoin market achieved significant expansion with policy support. The two major mainstream stablecoins — USDC issued by Circle and USDT issued by Tether — both saw their market capitalization grow, with USDC's growth rate significantly outpacing that of USDT.
Looking at the specific data, their growth exhibited the characteristic of "USDT leading in absolute value, while USDC has the advantage in relative growth rate." As the market leader, USDT's market capitalization grew from around $138 billion to $183 billion, showing a more prominent absolute increase. On the other hand, USDC rose from around $48 billion to $76 billion, achieving a relative growth of about 59% during Trump's second term, far exceeding USDT's 32.5% growth rate.
You may also like
Gainers
Latest Crypto News
Tom Lee: S&P 500 to Rise to 7300, Surge in Market Liquidity Could Be Explosive
Franklin Templeton XRP Spot ETF AUM Surpasses $100 Million
「ZEC&MON Top Short in History」 Take-Profit Section: The ZEC short position has made a profit of over $5 million, while simultaneously shorting MON has a unrealized gain of nearly $2 million.
Franklin Crypto Index ETF Adds ADA and 6 Other Tokens
Web3 robotics company XMAQUINA has announced the completion of a new funding round, led by Borderless.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]