Stablecoin War: USDT vs. USDC
USDT's market cap exceeds 100 billion USD, but USDC is favored by institutions due to its compliance advantages. Emerging stablecoins (such as FDUSD) are vying for market share through high-interest subsidies. Regulators may incorporate stablecoins into payment regulations, and the transparency of issuers' reserves will become a key competitive point.