$USDC Based on this premise, he pronounced USDC the most trusted stablecoin. This milestone comes amid stiff competition with Tether’s USDT.

As such, Armstrong’s statement about USDC could show the strength of the competition in the stablecoin market. For the longest time, USDT held a significant share of the stablecoin market, proudly dominating the others.

Last year, it boasted up to $13 billion in profit alone, indicating an impressive performance amid a broader, volatile market.In the spirit of felicitations, Brian Armstrong, the CEO of Coinbase Global Inc., an American cryptocurrency exchange and publicly traded company, has termed USDC “the most trusted stablecoin.”

His statement comes as the USDC issuer Circle Internet Financial got its Initial Public Offering (IPO) listed on the New York Stock Exchange (NYSE) under the ticker symbol “CRCL.”