USDC and USDT Dominate as Circle Targets New Institutional Frontier
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Despite dozens of new entrants, the stablecoin landscape remains overwhelmingly dollar-driven, with USDC and USDT controlling most of the market. Circle hopes the launch of USDCx will unlock the next wave of institutional use by solving privacy concerns that public blockchains couldn’t previously address. As enterprises hunt for faster settlement and programmable dollars, privacy-enabled stablecoins could become the next major battleground in digital finance.
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Stablecoin dominance shifting toward institutions was only a matter of time.
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Circle’s expansion shows how critical stablecoins have become for global finance.
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Without reflection, even great founders drift off-course.