Tether’s USDT, worth over $155 billion, has commanded a near-monopoly over the stablecoin market for nearly a decade.

Earning $13 billion in profit last year, the most transaction volume of any crypto asset — including BTC itself — and benefiting from its asset manager joining the presidential cabinet of Donald Trump, many people doubted any stablecoin could ever compete.

However, for the first time in history, the world’s largest stablecoin issuer is reckoning with serious competition in the form of Circle.

Circle has advanced its USDC remarkably this year, and Protos has compiled data on three metrics by which it has gained ground against Tether.

...read more at protos.com