USDT vs. USDC and others in 2025: The Battle for the Stablecoin Crown! ⚔️💲
In June 2025, Tether (USDT), USDC (Circle), and other stablecoins continue to compete for market share, each with its own features:
USDT: The leader in market capitalization and trading volume, known for its wide availability across various blockchains and frequent issuances. Despite improved transparency, historical issues and centralized control remain a topic of discussion.
USDC: Often perceived as a more "regulated" and "transparent" stablecoin, especially in Western jurisdictions, with regular monthly attestations. It is often the preferred choice for institutional players seeking maximum compliance with regulations.
PYUSD (PayPal): The emergence of PYUSD from PayPal in 2025 added a new strong player that can significantly enhance the mass adoption of stablecoins due to its vast user base.
Other stablecoins: Other fiat (EURC, XCHF) and algorithmic stablecoins are emerging and evolving, but so far they cannot compete with the scale of USDT and USDC.
The choice of stablecoin often depends on user priorities: liquidity and availability (USDT) or regulatory clarity and transparency (USDC).