Why is Tether 213% bigger than Circle but 8,000% more profitable?
Circle has filed to go public and admits that it is 98% less profitable than Tether despite sharing a similar business model.
Results for Spotlight, Circle, Stablecoins
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US-based stablecoins suffered in 2023 as key players battle it out
At the end of 2023, algorithmic stablecoins are out, US-based stablecoins are shrinking, and international ones like Tether are exploding.
The beef between Circle and Tether
Circle and Tether executives have engaged in a series of increasingly public spats as the firms vie for control of the stablecoin market.