USDC to surpass Tether as dominant stable coin?!

in #stablecoins5 months ago

Circle to go public at a valuation of $4.5 billion

USDC could be on its way to supplanting tether as the dominant stable coin in crypto:

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(Source: https://cointelegraph.com/news/breaking-stablecoin-firm-circle-to-go-public-in-4-5b-blank-check-deal)

Interesting times ahead!

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I still see no point in calling them stable coins, when essentially they are worthless tokens... I got offered bunch of USDC but rejected as transferring them around would have cost more than worth of USDC I received.

Most of the so called stable coins are useful only off-chain inside exchanges as bookkeeping like I have mentioned before. Same goes for tokens issued by exchanges themselves.

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