USDC issuer Circle has announced that it would no longer be continuing support for the stablecoin on Justin Sun’s TRON blockchain.
Tether’s most recent assurance shows continued growth in market cap, profits, and reserves; vastly outpacing competitors like Circle.
At the end of 2023, algorithmic stablecoins are out, US-based stablecoins are shrinking, and international ones like Tether are exploding.
Circle and Tether executives have engaged in a series of increasingly public spats as the firms vie for control of the stablecoin market.
An anonymous source claims Coinbase was about to bail out its partner Circle to bring stablecoin USDC back up to $1 during SVB’s bank-run.
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