Stablecoin Wars: USDT, USDC, and Emerging Competitors
Stablecoins are the cornerstone of the crypto market, with USDT leading at a market cap of 70 billion, but USDC is capturing market share through compliance. Decentralized stablecoins like DAI and FRAX adjust supply algorithmically. Recently, PayPal launched PYUSD, intensifying competition as traditional financial giants enter the fray. The stability, transparency, and use cases of stablecoins will determine the outcome. In the future, who will become the ultimate winner of the 'crypto dollar'?