Crypto Analyst

Edward Wu

Crypto

<ul>
<li>Benefiting from safer reserve assets and lower regulatory risk, Circle’s USDC is quickly eating into Tether’s USDT market share in recent months</li>
<li>USDT is highly used in the crypto on-off-ramp and as a quote currency in trading pairs, while a large share of USDC is locked into Defi protocols</li>
<li>BUSD is in its own niche to serve Binance’s ecosystem. The recent move of Binance to only keep BUSD &amp; USDT in its exchange will have a profound impact</li>
</ul>


Benefiting from safer reserve assets and lower regulatory risk, Circle’s USDC is quickly eating into Tether’s USDT market share in recent months
USDT is highly used in the crypto on-off-ramp and as a quote currency in trading pairs, while a large share of USDC is locked into Defi protocols
BUSD is in its own niche to serve Binance’s ecosystem. The recent move of Binance to only keep BUSD &amp; USDT in its exchange will have a profound impact


Updates on Centralized Stablecoins: Reserve Assets, Transparency, and Regulatory Recognition