USDC has been surpassing Tether's USDT for two years.

The Rapidly Growing Popularity of USDC

USDC, a stablecoin issued by Circle Internet, has surpassed Tether's USDT for the second consecutive year. This growth is driven by the increasing demand for dollar-backed tokens that meet regulatory requirements.

The Impact of the GENUIS Act

The GENUIS Act, passed in the United States, has increased demand for regulated stablecoins, particularly USDC. Investors are demonstrating their preference for stablecoins under regulatory oversight as they seek safe investments.