🧩 Is USDT's dominance in the US about to end? Circle takes bold steps
Circle, the issuer of USDC, has applied for a charter from the National Trust Bank of the United States—this move could fundamentally reshape the stablecoin market.
📌 What happened:
— Circle aims to independently custody USDC reserves
— Plans to serve institutional clients (bonds, stocks, cryptocurrencies)
— Prepares for the GENIUS Act, which will regulate stablecoins comprehensively in the US.
📉 What this means for Tether (USDT):
USDT still holds a dominant position globally (62.5%), but operates under a license in El Salvador, not the US.
Once the GENIUS Act is passed, unlicensed stablecoins may face restrictions in the US—Circle could be ahead.
🧠 Why this matters:
— Institutions may choose compliant USDC
— US-based exchanges may limit access to USDT
— USDC could become the default stablecoin in US Web3 infrastructure
💬 What do you think:
🔘 Can Circle surpass Tether in the US market?
🔘 Can USDT maintain its dominance globally?
