🧩 Is USDT's Dominance in the U.S. Coming to an End? Circle Makes a Bold Move
Circle, the issuer of USDC, has applied for a U.S. national trust bank charter — a move that could drastically reshape the stablecoin market.
📌 What happened:
— Circle wants to custody USDC reserves independently
— Plans to serve institutional clients (bonds, stocks, crypto)
— Preparing for the GENIUS Act, which will enforce full regulation of stablecoins in the U.S.
📉 What it means for Tether (USDT):
USDT still dominates globally (62.5%) but operates under a license from El Salvador, not the U.S.
Once the GENIUS Act is passed, unlicensed stablecoins could face restrictions in the U.S. — Circle may take the lead.
🧠 Why it matters:
— Institutions are likely to choose compliant USDC
— U.S.-based exchanges may limit access to USDT
— USDC could become the default stablecoin in the U.S. Web3 infrastructure
💬 What do you think:
🔘 Can Circle overtake Tether in the U.S. market?
🔘 Will USDT remain dominant globally?
