$USDC

Market Position:

USDC remains the second-largest stablecoin with a market capitalization of about $61.5 billion, trailing Tether's USDT at $153.9 billion.

It holds a 29% share of the $248 billion stablecoin market as of March 2025.

USDC is seen as a regulated and transparent alternative, appealing to institutional investors.

Regulatory Advantage:

Circle's compliance with global regulations, such as the EU's MiCA framework, has positioned USDC favorably against competitors like Tether, which faces scrutiny.