
Circle eyes IPO as USDC market dominance dips to two-year low
USDC's market dominance has recently reached its lowest level since 2021.
Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.

The authorities' proposal is intended to ensure the safety of UK consumers and businesses participating in stablecoins transactions.

Many expect this dominance to continue as major payment companies, like Visa and PayPal, embrace stablecoins as web3 onramps.

Tether's USDT appears to benefit from the decline with it its supply approaching 85 billion.

PayPal faces a significant SEC subpoena tied to its stablecoin, marking a new milestone in the intersection of traditional finance and digital currencies.

Tether's most recent attestation report stated the stablecoin issuer's assets exceeded liabilities by roughly $3 billion.

The phased regulatory introduction will kick off in early 2024, with legislation for fiat-backed stablecoins.



