Circle's USDC Will Likely Continue to Be the Preferred Stablecoin of DeFi: Compass Point
Circle's USDC stablecoin has a dominant presence in the growing number of decentralized exchanges, lending protocols, and other DeFi environments within the crypto ecosystem, analysts say.
Circle's USDC Will Likely Continue to Be the Preferred Stablecoin of DeFi: Compass Point
Circle's USDC stablecoin has a dominant presence in the growing number of decentralized exchanges, lending protocols, and other DeFi environments within the crypto ecosystem, analysts say.
By André Beganski
3 min read
June 5, 2025
Stablecoin legislation could pave the way for a large number of new competitors for Circle and its USDC stablecoin in the United States, but in the realm of decentralized finance, or DeFi, a serious rival is unlikely to emerge in the short term, according to analysts at investment bank Compass Point.
Although Tether's USDT dominates in emerging markets, Circle's USDC stablecoin has a dominant presence in the growing number of decentralized exchanges, lending protocols, and other DeFi environments in the crypto industry, analysts Ed Engel and Joe Flynn wrote in a note on Wednesday.
