Stablecoin War: 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 gaining market share due to its compliance. Decentralized stablecoins like DAI and FRAX adjust supply through algorithms. Recently, PayPal launched PYUSD, intensifying competition as traditional financial giants enter the space. The stability, transparency, and use cases of stablecoins will determine the winner. In the future, who will become the ultimate winner of the 'crypto dollar'?
