The offshore stablecoin leader USDT is about to be surpassed by the fully regulated USDC.

Written by: Azuma, Odaily Planet Daily



As the absolute leader in the stablecoin race, Tether has been very active lately, not only making moves in vertical cryptocurrency fields such as mining, exchanges, and Layer 1/Layer 2 but also actively laying out in industries such as AI, brain-computer interfaces, agriculture, and sports.



Although in the past few years, Tether's business has not been limited to the stablecoin sector, the recent pace of its layout has clearly accelerated. The reason lies in the gradual progress of the (GENIUS Act), as stablecoins are slowly integrating into the mainstream financial market in a compliant manner. However, since Tether and USDT find it difficult to meet the (GENIUS Act) requirements regarding issuer registration, reserve asset types, audit standards, and other aspects, their market position is bound to be impacted in the subsequent compliance process. In this context, Tether seems to have developed some anxiety, and its recent multi-directional acceleration in layout may be Tether's attempt to break the situation.