Stablecoin Market Shift: USDT vs. USDC
Tether (USDT) has been losing market share to USDC in recent months, possibly influenced by the EU MiCA regulations, which led to the delisting of USDT on several exchanges for European users.
November 2024:USDT Market Share: 71%
USDC Market Share: 22%
January 2025:USDT Market Share: 67%
USDC Market Share: 26%
It will be interesting to see how this trend develops in the coming months.